Hainan Mining Co.,Ltd.’s Net Profit Dropped 35% in First Quarter of 2023

Hainan Mining Co.,Ltd. (海南矿业股份有限公司) (601969.SH) reported a net profit of 161.5 million yuan in the first quarter of 2023, down 35% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.