Crrc Corporation Limited’s Net Profit Rose 90.1% in First Quarter of 2023

Crrc Corporation Limited (中国中车股份有限公司) (601766.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, up 90.1% year-on-year.

Meanwhile, the company posted 32.4 billion yuan in revenue, up 5.6% year-on-year.

At the end of the reporting period, it had 448.4 billion yuan in total assets and 256.4 billion yuan in total liabilities, with a liability-to-asset ratio of 57.2%.