China Merchants Shekou Industrial Zone Holdings Co.,Ltd.’s Net Profit Dropped 60.7% in First Quarter of 2023

China Merchants Shekou Industrial Zone Holdings Co.,Ltd. (招商局蛇口工业区控股股份有限公司) (001979.SZ) reported a net profit of 424.4 million yuan in the first quarter of 2023, down 60.7% year-on-year.

Meanwhile, the company posted 15 billion yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 913.4 billion yuan in total assets and 631 billion yuan in total liabilities, with a liability-to-asset ratio of 69.1%.