Angang Steel Co.,Ltd. Posted 1.3 Billion Yuan Net Loss in First Half of 2023

Angang Steel Co.,Ltd. (鞍钢股份有限公司) (000898.SZ) reported a net loss of 1.3 billion yuan in the first half of 2023, reversing a net profit of 1.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 58.8 billion yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 95.8 billion yuan in total assets and 38.3 billion yuan in total liabilities, with a liability-to-asset ratio of 40%.