Sinoma International Engineering Co.,Ltd.’s Net Profit Rose 1.6% in First Quarter of 2023

Sinoma International Engineering Co.,Ltd. (中国中材国际工程股份有限公司) (600970.SH) reported a net profit of 668.4 million yuan in the first quarter of 2023, up 1.6% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 50.1 billion yuan in total assets and 31.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.