Xiamen Tungsten Co.,Ltd.’s Net Profit Rose 18.6% in First Quarter of 2023

Xiamen Tungsten Co.,Ltd. (厦门钨业股份有限公司) (600549.SH) reported a net profit of 652.7 million yuan in the first quarter of 2023, up 18.6% year-on-year.

Meanwhile, the company posted 8.6 billion yuan in revenue, down 18.5% year-on-year.

At the end of the reporting period, it had 40.5 billion yuan in total assets and 22.5 billion yuan in total liabilities, with a liability-to-asset ratio of 55.7%.