Shaanxi Construction Engineering Group Corporation Limited’s Net Profit Rose 6% in First Quarter of 2023

Shaanxi Construction Engineering Group Corporation Limited (陕西建工集团股份有限公司) (600248.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, up 6% year-on-year.

Meanwhile, the company posted 35.5 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 306.2 billion yuan in total assets and 270.4 billion yuan in total liabilities, with a liability-to-asset ratio of 88.3%.