Tongling Nonferrous Metals Group Co.,Ltd.’s Net Profit Rose 2.5% in First Quarter of 2023

Tongling Nonferrous Metals Group Co.,Ltd. (铜陵有色金属集团股份有限公司) (000630.SZ) reported a net profit of 721.4 million yuan in the first quarter of 2023, up 2.5% year-on-year.

Meanwhile, the company posted 34.3 billion yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 62 billion yuan in total assets and 31.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.6%.