China State Construction Engineering Corporation Limited’s Net Profit Rose 5.7% in First Quarter of 2023

China State Construction Engineering Corporation Limited (中国建筑股份有限公司) (601668.SH) reported a net profit of 17.6 billion yuan in the first quarter of 2023, up 5.7% year-on-year.

Meanwhile, the company posted 524.8 billion yuan in revenue, up 8.1% year-on-year.

At the end of the reporting period, it had 2.7 trillion yuan in total assets and 2 trillion yuan in total liabilities, with a liability-to-asset ratio of 74.5%.