Fujian Minfa Aluminum Inc.’s Net Profit Dropped 38.7% in First Quarter of 2023

Fujian Minfa Aluminum Inc. (福建省闽发铝业股份有限公司) (002578.SZ) reported a net profit of 9.8 million yuan in the first quarter of 2023, down 38.7% year-on-year.

Meanwhile, the company posted 559.6 million yuan in revenue, up 35.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 569.2 million yuan in total liabilities, with a liability-to-asset ratio of 27.1%.