Chongyi Zhangyuan Tungsten Co.,Ltd.’s Net Profit Dropped 39.2% in First Half of 2023

Chongyi Zhangyuan Tungsten Co.,Ltd. (崇义章源钨业股份有限公司) (002378.SZ) reported a net profit of 86.1 million yuan in the first half of 2023, down 39.2% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 2.9% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.