Zoomlion Heavy Industry Science And Technology Co.,Ltd.’s Net Profit Dropped 8.3% in First Quarter of 2023

Zoomlion Heavy Industry Science And Technology Co.,Ltd. (中联重科股份有限公司) (000157.SZ) reported a net profit of 858.7 million yuan in the first quarter of 2023, down 8.3% year-on-year.

Meanwhile, the company posted 10.4 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 129.7 billion yuan in total assets and 72.5 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.