Minmetals Development Co.,Ltd.’s Net Profit Dropped 28.2% in 2022

Minmetals Development Co.,Ltd. (五矿发展股份有限公司) (600058.SH) reported a net profit of 350.3 million yuan in 2022, down 28.2% year-on-year.

Meanwhile, the company posted 78.6 billion yuan in revenue, down 10.1% year-on-year.

At the end of the reporting period, it had 22.8 billion yuan in total assets and 17.8 billion yuan in total liabilities, with a liability-to-asset ratio of 78.2%.