Sinosteel New Materials Co.,Ltd.’s Net Profit Dropped 9.7% in First Half of 2023

Sinosteel New Materials Co.,Ltd. (中钢天源股份有限公司) (002057.SZ) reported a net profit of 195.7 million yuan in the first half of 2023, down 9.7% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 1.7% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.1%.