Guangdong Huatie Tongda High-Speed Railway Equipment Corporation’s Net Profit Dropped 70.9% in First Quarter of 2023

Guangdong Huatie Tongda High-Speed Railway Equipment Corporation (广东华铁通达高铁装备股份有限公司) (000976.SZ) reported a net profit of 15.1 million yuan in the first quarter of 2023, down 70.9% year-on-year.

Meanwhile, the company posted 267.7 million yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.9%.