Metallurgical Corporation Of China Co.,Ltd.’s Net Profit Rose 15.7% in First Quarter of 2023

Metallurgical Corporation Of China Co.,Ltd. (中国冶金科工股份有限公司) (601618.SH) reported a net profit of 4.4 billion yuan in the first quarter of 2023, up 15.7% year-on-year.

Meanwhile, the company posted 144.5 billion yuan in revenue, up 22.4% year-on-year.

At the end of the reporting period, it had 636.2 billion yuan in total assets and 459.5 billion yuan in total liabilities, with a liability-to-asset ratio of 72.2%.