Xiamen Tungsten Co.,Ltd.’s Net Profit Dropped 8.5% in First Three Quarters of 2023

Xiamen Tungsten Co.,Ltd. (厦门钨业股份有限公司) (600549.SH) reported a net profit of 1.8 billion yuan in the first three quarters of 2023, down 8.5% year-on-year.

Meanwhile, the company posted 29.5 billion yuan in revenue, down 20% year-on-year.

At the end of the reporting period, it had 39.6 billion yuan in total assets and 21.1 billion yuan in total liabilities, with a liability-to-asset ratio of 53.4%.