China Shipbuilding Industry Group Power Co.,Ltd.’s Net Profit Dropped 48.7% in First Quarter of 2023

China Shipbuilding Industry Group Power Co.,Ltd. (中国船舶重工集团动力股份有限公司) (600482.SH) reported a net profit of 46.4 million yuan in the first quarter of 2023, down 48.7% year-on-year.

Meanwhile, the company posted 9.2 billion yuan in revenue, up 24.3% year-on-year.

At the end of the reporting period, it had 89.3 billion yuan in total assets and 43.5 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.