Shandong Mining Machinery Group Co.,Ltd.’s Net Profit Rose 14.2% in First Quarter of 2023

Shandong Mining Machinery Group Co.,Ltd. (山东矿机集团股份有限公司) (002526.SZ) reported a net profit of 45.4 million yuan in the first quarter of 2023, up 14.2% year-on-year.

Meanwhile, the company posted 522.4 million yuan in revenue, down 9.1% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 32.1%.