Shandong Iron And Steel Co.,Ltd. Posted 47.9 Million Yuan Net Loss in First Three Quarters of 2023

Shandong Iron And Steel Co.,Ltd. (山东钢铁股份有限公司) (600022.SH) reported a net loss of 47.9 million yuan in the first three quarters of 2023, reversing a net profit of 1 billion yuan for the same period in the previous year.

Meanwhile, the company posted 68.4 billion yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 67.1 billion yuan in total assets and 36.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.