Baoshan Iron And Steel Co.,Ltd.’s Net Profit Dropped 42.1% in First Half of 2023

Baoshan Iron And Steel Co.,Ltd. (宝山钢铁股份有限公司) (600019.SH) reported a net profit of 5.2 billion yuan in the first half of 2023, down 42.1% year-on-year.

Meanwhile, the company posted 169.9 billion yuan in revenue, down 7.6% year-on-year.

At the end of the reporting period, it had 376.9 billion yuan in total assets and 161 billion yuan in total liabilities, with a liability-to-asset ratio of 42.7%.