Tibet Huayu Mining Co.,Ltd. Posted 11.6 Million Yuan Net Profit in First Quarter of 2023

Tibet Huayu Mining Co.,Ltd. (西藏华钰矿业股份有限公司) (601020.SH) reported a net profit of 11.6 million yuan in the first quarter of 2023, reversing a net loss of 6.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 153.1 million yuan in revenue, up 72.9% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 33.8%.