Xiamen Tungsten Co.,Ltd.’s Net Profit Rose 21.1% in First Quarter of 2022

Xiamen Tungsten Co.,Ltd. (厦门钨业股份有限公司) (600549.SH) reported a net profit of 550.2 million yuan in the first quarter of 2022, up 21.1% year-on-year.

Meanwhile, the company posted 10.5 billion yuan in revenue, up 66.8% year-on-year.

At the end of the reporting period, it had 37.2 billion yuan in total assets and 23.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63%.