Xiamen Tungsten Co.,Ltd.’s Net Profit Dropped 7.3% in First Half of 2023

Xiamen Tungsten Co.,Ltd. (厦门钨业股份有限公司) (600549.SH) reported a net profit of 1.3 billion yuan in the first half of 2023, down 7.3% year-on-year.

Meanwhile, the company posted 18.7 billion yuan in revenue, down 22.5% year-on-year.

At the end of the reporting period, it had 38 billion yuan in total assets and 20.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.