Norinco International Cooperation Ltd.’s Net Profit Rose 75.8% in First Quarter of 2023

Norinco International Cooperation Ltd. (北方国际合作股份有限公司) (000065.SZ) reported a net profit of 224.8 million yuan in the first quarter of 2023, up 75.8% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 95.3% year-on-year.

At the end of the reporting period, it had 22.9 billion yuan in total assets and 14.2 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.