Tianshan Aluminum Group Co.,Ltd.’s Net Profit Dropped 54.3% in First Quarter of 2023

Tianshan Aluminum Group Co.,Ltd. (天山铝业集团股份有限公司) (002532.SZ) reported a net profit of 505.8 million yuan in the first quarter of 2023, down 54.3% year-on-year.

Meanwhile, the company posted 6.9 billion yuan in revenue, down 25% year-on-year.

At the end of the reporting period, it had 56 billion yuan in total assets and 32.6 billion yuan in total liabilities, with a liability-to-asset ratio of 58.3%.