China Molybdenum Co.,Ltd.’s Net Profit Dropped 85.5% in First Quarter of 2023

China Molybdenum Co.,Ltd. (洛阳栾川钼业集团股份有限公司) (603993.SH) reported a net profit of 273 million yuan in the first quarter of 2023, down 85.5% year-on-year.

Meanwhile, the company posted 44.3 billion yuan in revenue, down 0.5% year-on-year.

At the end of the reporting period, it had 163 billion yuan in total assets and 102.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62.6%.