Zhuzhou Kibing Group Co.,Ltd.’s Net Profit Dropped 78.3% in First Quarter of 2023

Zhuzhou Kibing Group Co.,Ltd. (株洲旗滨集团股份有限公司) (601636.SH) reported a net profit of 112.9 million yuan in the first quarter of 2023, down 78.3% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 2.2% year-on-year.

At the end of the reporting period, it had 25.9 billion yuan in total assets and 12.8 billion yuan in total liabilities, with a liability-to-asset ratio of 49.5%.