Chongyi Zhangyuan Tungsten Co.,Ltd.’s Net Profit Rose 24.1% in 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 203 million yuan in 2022, up 24.1% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 20.2% 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 58.1%.