Zhengzhou Coal Mining Machinery Group Company Limited’s Net Profit Rose 21.8% in First Quarter of 2023

Zhengzhou Coal Mining Machinery Group Company Limited (郑州煤矿机械集团股份有限公司) (601717.SH) reported a net profit of 866 million yuan in the first quarter of 2023, up 21.8% year-on-year.

Meanwhile, the company posted 9.2 billion yuan in revenue, up 13.8% year-on-year.

At the end of the reporting period, it had 46.2 billion yuan in total assets and 26.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.