Huaibei Mining Holdings Co.,Ltd.’s Net Profit Dropped 9.3% in First Half of 2023

Huaibei Mining Holdings Co.,Ltd. (淮北矿业控股股份有限公司) (600985.SH) reported a net profit of 3.5 billion yuan in the first half of 2023, down 9.3% year-on-year.

Meanwhile, the company posted 37.3 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 86.3 billion yuan in total assets and 46.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.