Nanjing Iron&Steel Co.,Ltd.’s Net Profit Dropped 16.7% in First Three Quarters of 2023

Nanjing Iron&Steel Co.,Ltd. (南京钢铁股份有限公司) (600282.SH) reported a net profit of 1.8 billion yuan in the first three quarters of 2023, down 16.7% year-on-year.

Meanwhile, the company posted 56.4 billion yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 79.2 billion yuan in total assets and 48.4 billion yuan in total liabilities, with a liability-to-asset ratio of 61.1%.