Guocheng Mining: net profit fell 77.20% in the first quarter of 2020 compared with the same period last year

Published: Apr 10, 2020 13:21

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SMM: today, Guocheng Mining Co., Ltd. released the first quarter of 2020 report. In the first quarter of 2020, Guocheng Mining's net profit was 26287309.98 yuan, down 77.20 percent from the same period last year. Operating income in the reporting period decreased by 38.49% compared with the same period last year, mainly due to the impact of the new crown epidemic, the decline in production and sales of major products and sales prices.

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