Chongqing Iron&Steel Company Limited Posted 434.7 Million Yuan Net Loss in First Half of 2023

Chongqing Iron&Steel Company Limited (重庆钢铁股份有限公司) (601005.SH) reported a net loss of 434.7 million yuan in the first half of 2023, reversing a net profit of 516.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 21 billion yuan in revenue, up 16.5% year-on-year.

At the end of the reporting period, it had 38 billion yuan in total assets and 17 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.