Qinghai Jinrui Mineral Development Co.,Ltd.’s Net Profit Dropped 90.1% in First Quarter of 2023

Qinghai Jinrui Mineral Development Co.,Ltd. (青海金瑞矿业发展股份有限公司) (600714.SH) reported a net profit of 3.2 million yuan in the first quarter of 2023, down 90.1% year-on-year.

Meanwhile, the company posted 57.3 million yuan in revenue, down 52.8% year-on-year.

At the end of the reporting period, it had 804.1 million yuan in total assets and 75 million yuan in total liabilities, with a liability-to-asset ratio of 9.3%.