China Aluminum International Engineering Corporation Limited’s Net Profit Dropped 57.3% in First Quarter of 2023

China Aluminum International Engineering Corporation Limited (中铝国际工程股份有限公司) (601068.SH) reported a net profit of 46.1 million yuan in the first quarter of 2023, down 57.3% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 43.7 billion yuan in total assets and 33.2 billion yuan in total liabilities, with a liability-to-asset ratio of 76%.