Citic Pacific Special Steel Group Co.,Ltd.’s Net Profit Dropped 19% in First Three Quarters of 2023

Citic Pacific Special Steel Group Co.,Ltd. (中信泰富特钢集团股份有限公司) (000708.SZ) reported a net profit of 4.5 billion yuan in the first three quarters of 2023, down 19% year-on-year.

Meanwhile, the company posted 86.4 billion yuan in revenue, up 14.4% year-on-year.

At the end of the reporting period, it had 117.4 billion yuan in total assets and 77 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.