Chongyi Zhangyuan Tungsten Co.,Ltd.’s Net Profit Rose 823.6% in First Quarter of 2022

Chongyi Zhangyuan Tungsten Co.,Ltd. (崇义章源钨业股份有限公司) (002378.SZ) reported a net profit of 65.7 million yuan in the first quarter of 2022, up 823.6% year-on-year.

Meanwhile, the company posted 872.9 million yuan in revenue, up 51.6% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.9%.