Nanjing Hanrui Cobalt Co.,Ltd.’s Net Profit Dropped 88.6% in First Quarter of 2023

Nanjing Hanrui Cobalt Co.,Ltd. (南京寒锐钴业股份有限公司) (300618.SZ) reported a net profit of 19.7 million yuan in the first quarter of 2023, down 88.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 28.1% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.