Wolong Real Estate: Copper concentrate accounted for most of its mineral trading business

Wolong Real Estate Group Co. responded on the investor interaction platform on August 14: The company's mineral and metal trading business products are mainly copper concentrates. It also has rare earth business but the proportion is not high.

The 2022 annual report of Wolong Real Estate showed that the company achieved operating income of 5.238 billion yuan in 2022, a year-on-year increase of 53.98%; net profit of 301 million yuan, a year-on-year decrease of 37.92%; basic earnings per share of 0.43 yuan, a year-on-year decrease of 37.85%.

In 2022, the sales revenue of the company's real estate business decreased by 34.71% year-on-year, and the sales revenue of the mineral trading business grew by 304.46% year-on-year. The company announced on the same day that the company's name is to be changed to "Wolong Resources Group Co., Ltd.", and the company's stock code and stock abbreviation remain unchanged.