FilingReader Intelligence

Tongling Nonferrous profit falls 34% despite revenue growth

August 17, 2025 at 07:51 AM UTC•By FilingReader AI

Tongling Nonferrous Metals Group reported a 33.94% drop in net profit to RMB 1.44 billion despite revenue rising 6.39% to RMB 76.08 billion, mainly due to increased income tax expenses from foreign subsidiary dividend adjustments.

The company repurchased shares worth RMB 94.6 million and increased its stake in its finance subsidiary to 51% with a RMB 79.3 million investment.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com