Sany Heavy Industry Co.,Ltd.’s Net Profit Dropped 4.9% in First Quarter of 2023

Sany Heavy Industry Co.,Ltd. (三一重工股份有限公司) (600031.SH) reported a net profit of 1.6 billion yuan in the first quarter of 2023, down 4.9% year-on-year.

Meanwhile, the company posted 17.8 billion yuan in revenue, down 11.3% year-on-year.

At the end of the reporting period, it had 159.2 billion yuan in total assets and 91.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.