Cts International Logistics Corporation Limited’s Net Profit Dropped 14.3% in First Quarter of 2023

Cts International Logistics Corporation Limited (港中旅华贸国际物流股份有限公司) (603128.SH) reported a net profit of 226.7 million yuan in the first quarter of 2023, down 14.3% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 53.2% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 3.4 billion yuan in total liabilities, with a liability-to-asset ratio of 35.3%.