Shanxi Blue Flame Holding Company Limited’s Net Profit Dropped 10.1% in First Quarter of 2023

Shanxi Blue Flame Holding Company Limited (山西蓝焰控股股份有限公司) (000968.SZ) reported a net profit of 232.8 million yuan in the first quarter of 2023, down 10.1% year-on-year.

Meanwhile, the company posted 571.2 million yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.