Guangzhou Port Company Limited’s Net Profit Rose 18.4% in First Quarter of 2023

Guangzhou Port Company Limited (广州港股份有限公司) (601228.SH) reported a net profit of 392.5 million yuan in the first quarter of 2023, up 18.4% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, up 5.9% year-on-year.

At the end of the reporting period, it had 48.6 billion yuan in total assets and 25.6 billion yuan in total liabilities, with a liability-to-asset ratio of 52.7%.