Tongling Nonferrous Metals Group Co.,Ltd.’s Net Profit Dropped 8.4% in 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 3.2 billion yuan in 2022, down 8.4% year-on-year.

Meanwhile, the company posted 121.8 billion yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 61.4 billion yuan in total assets and 31.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.2%.