Western Mining Co.,Ltd.’s Net Profit Dropped 11.4% in First Quarter of 2023

Western Mining Co.,Ltd. (西部矿业股份有限公司) (601168.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, down 11.4% year-on-year.

Meanwhile, the company posted 11.6 billion yuan in revenue, up 31% year-on-year.

At the end of the reporting period, it had 53.3 billion yuan in total assets and 32.6 billion yuan in total liabilities, with a liability-to-asset ratio of 61.1%.