Lingyun Industrial Corporation Limited’s Net Profit Dropped 20.6% in First Quarter of 2023

Lingyun Industrial Corporation Limited (凌云工业股份有限公司) (600480.SH) reported a net profit of 139.6 million yuan in the first quarter of 2023, down 20.6% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 9.5 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.