Tianjin Port Holdings Co.,Ltd.’s Net Profit Rose 119.4% in First Quarter of 2023

Tianjin Port Holdings Co.,Ltd. (天津港股份有限公司) (600717.SH) reported a net profit of 406.3 million yuan in the first quarter of 2023, up 119.4% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 10.8% year-on-year.

At the end of the reporting period, it had 34.3 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 26.9%.