Chongyi Zhangyuan Tungsten Co.,Ltd.’s Net Profit Rose 89.4% in First Three Quarters of 2022

Chongyi Zhangyuan Tungsten Co.,Ltd. (崇义章源钨业股份有限公司) (002378.SZ) reported a net profit of 177.8 million yuan in the first three quarters of 2022, up 89.4% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 23% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 59%.