Tibet Summit Resources Co.,Ltd.’s Net Profit Dropped 88.1% in First Quarter of 2023

Tibet Summit Resources Co.,Ltd. (西藏珠峰资源股份有限公司) (600338.SH) reported a net profit of 9 million yuan in the first quarter of 2023, down 88.1% year-on-year.

Meanwhile, the company posted 503.2 million yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.