Citic Heavy Industries Co.,Ltd.’s Net Profit Rose 3.6% in First Quarter of 2023

Citic Heavy Industries Co.,Ltd. (中信重工机械股份有限公司) (601608.SH) reported a net profit of 81.8 million yuan in the first quarter of 2023, up 3.6% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 0.3% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 11.3 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.