Taiyuan Heavy Industry Co.,Ltd.’s Net Profit Dropped 6.5% in First Quarter of 2023

Taiyuan Heavy Industry Co.,Ltd. (太原重工股份有限公司) (600169.SH) reported a net profit of 39 million yuan in the first quarter of 2023, down 6.5% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 4.3% year-on-year.

At the end of the reporting period, it had 32 billion yuan in total assets and 25.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.