China Rare Earth Resources And Technology Co.,Ltd.’s Net Profit Dropped 84.4% in First Half of 2023

China Rare Earth Resources And Technology Co.,Ltd. (中国稀土集团资源科技股份有限公司) (000831.SZ) reported a net profit of 48.2 million yuan in the first half of 2023, down 84.4% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 3.4% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 691.8 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.