Western Region Gold Co.,Ltd. Posted 61.6 Million Yuan Net Loss in First Quarter of 2023

Western Region Gold Co.,Ltd. (西部黄金股份有限公司) (601069.SH) reported a net loss of 61.6 million yuan in the first quarter of 2023, reversing a net profit of 28.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 922.1 million yuan in revenue, up 140.7% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 27.2%.