Minmetals Development Co.,Ltd.’s Net Profit Rose 49.6% in First Quarter of 2022

Minmetals Development Co.,Ltd. (五矿发展股份有限公司) (600058.SH) reported a net profit of 134.5 million yuan in the first quarter of 2022, up 49.6% year-on-year.

Meanwhile, the company posted 15.3 billion yuan in revenue, down 8.2% year-on-year.

At the end of the reporting period, it had 27.6 billion yuan in total assets and 20.2 billion yuan in total liabilities, with a liability-to-asset ratio of 73.1%.