Eastern Air Logistics Co.,Ltd.’s Net Profit Dropped 44.2% in First Quarter of 2023

Eastern Air Logistics Co.,Ltd. (东方航空物流股份有限公司) (601156.SH) reported a net profit of 890.9 million yuan in the first quarter of 2023, down 44.2% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, down 30.8% year-on-year.

At the end of the reporting period, it had 26.3 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.