Bengang Steel Plates Co.,Ltd. Posted 1 Billion Yuan Net Loss in First Half of 2023

Bengang Steel Plates Co.,Ltd. (本钢板材股份有限公司) (000761.SZ) reported a net loss of 1 billion yuan in the first half of 2023, reversing a net profit of 580 million yuan for the same period in the previous year.

Meanwhile, the company posted 30.6 billion yuan in revenue, down 12.7% year-on-year.

At the end of the reporting period, it had 45.9 billion yuan in total assets and 27.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59.9%.