Sinosteel New Materials Co.,Ltd.’s Net Profit Dropped 7.8% in First Three Quarters of 2023

Sinosteel New Materials Co.,Ltd. (中钢天源股份有限公司) (002057.SZ) reported a net profit of 284.2 million yuan in the first three quarters of 2023, down 7.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 0.9% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 33.8%.