Western Region Gold Co.,Ltd. Posted 71.8 Million Yuan Net Loss in First Half of 2023

Western Region Gold Co.,Ltd. (西部黄金股份有限公司) (601069.SH) reported a net loss of 71.8 million yuan in the first half of 2023, reversing a net profit of 119.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 51.6% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 28.4%.