Tongling Nonferrous Metals Group Co.,Ltd.’s Net Profit Rose 54.1% in First Quarter of 2022

Tongling Nonferrous Metals Group Co.,Ltd. (铜陵有色金属集团股份有限公司) (000630.SZ) reported a net profit of 703.4 million yuan in the first quarter of 2022, up 54.1% year-on-year.

Meanwhile, the company posted 29 billion yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 55.9 billion yuan in total assets and 28.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.1%.