Net Profits of Tibet Mining in 2022 Increased about 467.45% amid Falling Chrome Ore Supply and Rising Sales and Prices

Опубликовано: May 5, 2023 11:52
According to a report released by Tibet Mining, in 2022, its operating income increased about 242.98% to more than 2.20919 billion yuan

According to a report released by Tibet Mining, in 2022, its operating income increased about 242.98% to more than 2.20919 billion yuan, and the net profit attributable to shareholders of listed companies increased about 467.45% to more than 795.33 million yuan. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses increased 594.15% to more than 775.32 million yuan. In 2022, its chrome ore output dropped about 3.80% to 135,512.77 mt, and the sales of self-produced chrome ore increased about 1.25% to 141,135.98 mt. The sales of high-carbon ferrochrome dropped to zero from 9492.68 mt in the previous year. And the average sales price of chrome ore increased about 38.1% to 2668 yuan/mt.

In the first quarter of 2023, its operating income fell about 74.48% year-on-year to more than 90.0369 million yuan mainly due to the sharp decline in the prices of lithium carbonate. The company's shareholders' net profit after deducting non-recurring gains and losses fell about 93.12% year-on-year to more than 8.6723 million yuan.
 

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Net Profits of Tibet Mining in 2022 Increased about 467.45% amid Falling Chrome Ore Supply and Rising Sales and Prices - Shanghai Metals Market (SMM)