Jiangsu Shagang Co.,Ltd.’s Net Profit Dropped 64.2% in First Three Quarters of 2023

Jiangsu Shagang Co.,Ltd. (江苏沙钢股份有限公司) (002075.SZ) reported a net profit of 260.2 million yuan in the first three quarters of 2023, down 64.2% year-on-year.

Meanwhile, the company posted 11.3 billion yuan in revenue, down 18.5% year-on-year.

At the end of the reporting period, it had 19.5 billion yuan in total assets and 9.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.1%.