Shanghai Baosteel Packaging Co,.Ltd.’s Net Profit Dropped 3% in First Quarter of 2023

Shanghai Baosteel Packaging Co,.Ltd. (上海宝钢包装股份有限公司) (601968.SH) reported a net profit of 64.5 million yuan in the first quarter of 2023, down 3% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 5% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.