Shanxi Taigang Stainless Steel Co.,Ltd. Posted 417.2 Million Yuan Net Loss in First Three Quarters of 2023

Shanxi Taigang Stainless Steel Co.,Ltd. (山西太钢不锈钢股份有限公司) (000825.SZ) reported a net loss of 417.2 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 80.4 billion yuan in revenue, up 9.1% year-on-year.

At the end of the reporting period, it had 69.7 billion yuan in total assets and 32.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.2%.