Citic Pacific Special Steel Group Co.,Ltd.’s Net Profit Dropped 22.9% in First Quarter of 2023

Citic Pacific Special Steel Group Co.,Ltd. (中信泰富特钢集团股份有限公司) (000708.SZ) reported a net profit of 1.5 billion yuan in the first quarter of 2023, down 22.9% year-on-year.

Meanwhile, the company posted 28 billion yuan in revenue, up 13.8% year-on-year.

At the end of the reporting period, it had 121 billion yuan in total assets and 79.8 billion yuan in total liabilities, with a liability-to-asset ratio of 66%.