Minmetals Development Co.,Ltd.’s Net Profit Dropped 45.9% in First Half of 2023

Minmetals Development Co.,Ltd. (五矿发展股份有限公司) (600058.SH) reported a net profit of 207.8 million yuan in the first half of 2023, down 45.9% year-on-year.

Meanwhile, the company posted 38 billion yuan in revenue, down 2.1% year-on-year.

At the end of the reporting period, it had 27.4 billion yuan in total assets and 19.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.1%.