Inner Mongolia Eerduosi Resources Co.,Ltd.’s Net Profit Dropped 27% in First Quarter of 2023

Inner Mongolia Eerduosi Resources Co.,Ltd. (内蒙古鄂尔多斯资源股份有限公司) (600295.SH) reported a net profit of 1.3 billion yuan in the first quarter of 2023, down 27% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, down 21.3% year-on-year.

At the end of the reporting period, it had 49.1 billion yuan in total assets and 21.9 billion yuan in total liabilities, with a liability-to-asset ratio of 44.7%.