Minmetals Development Co.,Ltd.’s Net Profit Rose 27.6% in First Half of 2022

Minmetals Development Co.,Ltd. (五矿发展股份有限公司) (600058.SH) reported a net profit of 381.4 million yuan in the first half of 2022, up 27.6% year-on-year.

Meanwhile, the company posted 38.8 billion yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 28.7 billion yuan in total assets and 21.1 billion yuan in total liabilities, with a liability-to-asset ratio of 73.6%.