Anyuan Coal Industry Group Co.,Ltd. Posted 58.7 Million Yuan Net Profit in First Quarter of 2023

Anyuan Coal Industry Group Co.,Ltd. (安源煤业集团股份有限公司) (600397.SH) reported a net profit of 58.7 million yuan in the first quarter of 2023, reversing a net loss of 157.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 15.9% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 94%.