Beijing Cuiwei Tower Co.,Ltd.’s Net Profit Dropped 70.3% in First Quarter of 2023

Beijing Cuiwei Tower Co.,Ltd. (北京翠微大厦股份有限公司) (603123.SH) reported a net profit of 19.4 million yuan in the first quarter of 2023, down 70.3% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 4.6% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 55.9%.