Baowu Magnesium 2023 Annual Report Announced

Baowu Magnesium Industry recently released its 2023 annual report, showing that the company achieved operating income of 7.651 billion yuan, a year-on-year decrease of 15.96%; net profit attributable to shareholders of the listed company was 306 million yuan, a year-on-year decrease of 49.82%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 302 million yuan, a year-on-year decrease of 47.15%. The decline in performance was mainly due to the decline in gross profit margin caused by the decline in product sales prices.