Metallurgical Corporation Of China Co.,Ltd.’s Net Profit Rose 24.9% in First Quarter of 2022

Metallurgical Corporation Of China Co.,Ltd. (中国冶金科工股份有限公司) (601618.SH) reported a net profit of 3.8 billion yuan in the first quarter of 2022, up 24.9% year-on-year.

Meanwhile, the company posted 118 billion yuan in revenue, up 25% year-on-year.

At the end of the reporting period, it had 583.6 billion yuan in total assets and 429.1 billion yuan in total liabilities, with a liability-to-asset ratio of 73.5%.