Henan Mingtai Al.Industrial Co.,Ltd.’s Net Profit Dropped 43% in First Quarter of 2023

Henan Mingtai Al.Industrial Co.,Ltd. (河南明泰铝业股份有限公司) (601677.SH) reported a net profit of 354.3 million yuan in the first quarter of 2023, down 43% year-on-year.

Meanwhile, the company posted 6.1 billion yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 5.6 billion yuan in total liabilities, with a liability-to-asset ratio of 30.3%.