Pengxin International Mining Co.,Ltd. Posted 175 Million Yuan Net Loss in First Half of 2022

Pengxin International Mining Co.,Ltd. (鹏欣环球资源股份有限公司) (600490.SH) reported a net loss of 175 million yuan in the first half of 2022, reversing a net profit of 82.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 42% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 30.4%.