China Railway Hi-Tech Industry Corporation Limited’s Net Profit Rose 7.2% in First Quarter of 2023

China Railway Hi-Tech Industry Corporation Limited (中铁高新工业股份有限公司) (600528.SH) reported a net profit of 528.6 million yuan in the first quarter of 2023, up 7.2% year-on-year.

Meanwhile, the company posted 7.4 billion yuan in revenue, up 4.5% year-on-year.

At the end of the reporting period, it had 54.1 billion yuan in total assets and 29 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.