Shandong Iron And Steel Co.,Ltd. Posted 60 Million Yuan Net Loss in First Half of 2023

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net loss of 60 million yuan in the first half of 2023, reversing a net profit of 1.8 billion yuan for the same period in the previous year.

Meanwhile, the company posted 47 billion yuan in revenue, down 12.3% year-on-year.

At the end of the reporting period, it had 68.4 billion yuan in total assets and 37.7 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.