Xi'An Shaangu Power Co.,Ltd.’s Net Profit Dropped 6% in First Quarter of 2023

Xi'An Shaangu Power Co.,Ltd. (西安陕鼓动力股份有限公司) (601369.SH) reported a net profit of 281.9 million yuan in the first quarter of 2023, down 6% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 8.4% year-on-year.

At the end of the reporting period, it had 26.6 billion yuan in total assets and 17.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.3%.