Chongyi Zhangyuan Tungsten Co.,Ltd.’s Net Profit Dropped 46.5% in First Quarter of 2023

Chongyi Zhangyuan Tungsten Co.,Ltd. (崇义章源钨业股份有限公司) (002378.SZ) reported a net profit of 35.2 million yuan in the first quarter of 2023, down 46.5% year-on-year.

Meanwhile, the company posted 822.7 million yuan in revenue, down 5.8% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.