Western Mining Co.,Ltd.’s Net Profit Rose 65.3% in First Quarter of 2022

Western Mining Co.,Ltd. (西部矿业股份有限公司) (601168.SH) reported a net profit of 1.1 billion yuan in the first quarter of 2022, up 65.3% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 51.6 billion yuan in total assets and 32.2 billion yuan in total liabilities, with a liability-to-asset ratio of 62.4%.