Chengtun Mining Group Co.,Ltd.’s Net Profit Dropped 75% in First Half of 2023

Chengtun Mining Group Co.,Ltd. (盛屯矿业集团股份有限公司) (600711.SH) reported a net profit of 377 million yuan in the first half of 2023, down 75% year-on-year.

Meanwhile, the company posted 13.2 billion yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 36.6 billion yuan in total assets and 19.1 billion yuan in total liabilities, with a liability-to-asset ratio of 52.3%.