Jiangsu Guoxin Corp.,Ltd.’s Net Profit Dropped 23% in First Quarter of 2023

Jiangsu Guoxin Corp.,Ltd. (江苏国信股份有限公司) (002608.SZ) reported a net profit of 401.6 million yuan in the first quarter of 2023, down 23% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, down 6.5% year-on-year.

At the end of the reporting period, it had 85.2 billion yuan in total assets and 46.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.