Nanjing Hanrui Cobalt Co.,Ltd.’s Net Profit Dropped 68% in 2022

Nanjing Hanrui Cobalt Co.,Ltd. (南京寒锐钴业股份有限公司) (300618.SZ) reported a net profit of 212.2 million yuan in 2022, down 68% year-on-year.

Meanwhile, the company posted 5.1 billion yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 7.4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 31.8%.