Chongqing Shunbo Aluminum Co.,Ltd.’s Net Profit Dropped 63.4% in First Quarter of 2023

Chongqing Shunbo Aluminum Co.,Ltd. (重庆顺博铝合金股份有限公司) (002996.SZ) reported a net profit of 49 million yuan in the first quarter of 2023, down 63.4% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59.6%.