Apr 30, 2022 08:00 AM

Tibet Huayu Mining Co.,Ltd. Posted 6.7 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Tibet Huayu Mining Co.,Ltd. (西藏华钰矿业股份有限公司) (601020.SH) reported a net loss of 6.7 million yuan in the first quarter of 2022, reversing a net profit of 25.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 88.6 million yuan in revenue, down 67.7% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 32.8%.

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