China Shipbuilding Industry Company Limited’s Net Profit Rose 36.9% in First Quarter of 2023

China Shipbuilding Industry Company Limited (中国船舶重工股份有限公司) (601989.SH) reported a net profit of 60 million yuan in the first quarter of 2023, up 36.9% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 187.1 billion yuan in total assets and 102.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.