China Suntien Green Energy Corporation Limited’s Net Profit Dropped 11.3% in First Quarter of 2023

China Suntien Green Energy Corporation Limited (新天绿色能源股份有限公司) (600956.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, down 11.3% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 3.6% year-on-year.

At the end of the reporting period, it had 75.7 billion yuan in total assets and 49.5 billion yuan in total liabilities, with a liability-to-asset ratio of 65.4%.