Zijin Mining Group Company Limited’s Net Profit Dropped 7.3% in First Quarter of 2023

Zijin Mining Group Company Limited (紫金矿业集团股份有限公司) (601899.SH) reported a net profit of 6.9 billion yuan in the first quarter of 2023, down 7.3% year-on-year.

Meanwhile, the company posted 74.9 billion yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 315.4 billion yuan in total assets and 184.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.5%.