China Railway Signal&Communication Corporation Limited’s Net Profit Rose 5.1% in First Quarter of 2023

China Railway Signal&Communication Corporation Limited (中国铁路通信信号股份有限公司) (688009.SH) reported a net profit of 776.7 million yuan in the first quarter of 2023, up 5.1% year-on-year.

Meanwhile, the company posted 7.5 billion yuan in revenue, up 8.1% year-on-year.

At the end of the reporting period, it had 116.6 billion yuan in total assets and 68.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.