Shanghai Aj Group Co.,Ltd.’s Net Profit Dropped 28.7% in First Quarter of 2023

Shanghai Aj Group Co.,Ltd. (上海爱建集团股份有限公司) (600643.SH) reported a net profit of 212.3 million yuan in the first quarter of 2023, down 28.7% year-on-year.

Meanwhile, the company posted 292.8 million yuan in revenue, down 44.8% year-on-year.

At the end of the reporting period, it had 25.8 billion yuan in total assets and 13.1 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.