Huaibei Mining Holdings Co.,Ltd.’s Net Profit Rose 19.8% in First Quarter of 2023

Huaibei Mining Holdings Co.,Ltd. (淮北矿业控股股份有限公司) (600985.SH) reported a net profit of 2.1 billion yuan in the first quarter of 2023, up 19.8% year-on-year.

Meanwhile, the company posted 19 billion yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 87 billion yuan in total assets and 46.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.4%.