Ningbo Jintian Copper(Group) Co.,Ltd.’s Net Profit Dropped 33.3% in First Quarter of 2023

Ningbo Jintian Copper(Group) Co.,Ltd. (宁波金田铜业(集团)股份有限公司) (601609.SH) reported a net profit of 88.2 million yuan in the first quarter of 2023, down 33.3% year-on-year.

Meanwhile, the company posted 24 billion yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 23 billion yuan in total assets and 15.1 billion yuan in total liabilities, with a liability-to-asset ratio of 65.6%.