Baoshan Iron And Steel Co.,Ltd.’s Net Profit Dropped 12% in First Three Quarters of 2023

Baoshan Iron And Steel Co.,Ltd. (宝山钢铁股份有限公司) (600019.SH) reported a net profit of 9.7 billion yuan in the first three quarters of 2023, down 12% year-on-year.

Meanwhile, the company posted 255 billion yuan in revenue, down 8.5% year-on-year.

At the end of the reporting period, it had 378.3 billion yuan in total assets and 160.4 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.