Chengtun Mining Group Co.,Ltd.’s Net Profit Dropped 77.1% in First Quarter of 2023

Chengtun Mining Group Co.,Ltd. (盛屯矿业集团股份有限公司) (600711.SH) reported a net profit of 184.2 million yuan in the first quarter of 2023, down 77.1% year-on-year.

Meanwhile, the company posted 6.2 billion yuan in revenue, down 4.9% year-on-year.

At the end of the reporting period, it had 33.7 billion yuan in total assets and 16.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.