Maanshan Iron&Steel Company Limited Posted 2.4 Billion Yuan Net Loss in First Half of 2023

Maanshan Iron&Steel Company Limited (马鞍山钢铁股份有限公司) (600808.SH) reported a net loss of 2.4 billion yuan in the first half of 2023, reversing a net profit of 1.6 billion yuan for the same period in the previous year.

Meanwhile, the company posted 49 billion yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 83.4 billion yuan in total assets and 52.9 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.