Tongling Nonferrous Metals Group Co.,Ltd.’s Net Profit Dropped 23.3% in First Three Quarters of 2022

Tongling Nonferrous Metals Group Co.,Ltd. (铜陵有色金属集团股份有限公司) (000630.SZ) reported a net profit of 2.1 billion yuan in the first three quarters of 2022, down 23.3% year-on-year.

Meanwhile, the company posted 88.7 billion yuan in revenue, down 12% year-on-year.

At the end of the reporting period, it had 57.1 billion yuan in total assets and 29 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.