Minmetals Development Co.,Ltd.’s Net Profit Dropped 51.8% in First Three Quarters of 2023

Minmetals Development Co.,Ltd. (五矿发展股份有限公司) (600058.SH) reported a net profit of 175.6 million yuan in the first three quarters of 2023, down 51.8% year-on-year.

Meanwhile, the company posted 58.7 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 29.8 billion yuan in total assets and 22.1 billion yuan in total liabilities, with a liability-to-asset ratio of 74.4%.