Hainan Mining Co.,Ltd.’s Net Profit Dropped 33% in First Three Quarters of 2023

Hainan Mining Co.,Ltd. (海南矿业股份有限公司) (601969.SH) reported a net profit of 480.2 million yuan in the first three quarters of 2023, down 33% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 11.5 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 42.2%.