Jiangsu Expressway Company Limited’s Net Profit Rose 51.7% in First Quarter of 2023

Jiangsu Expressway Company Limited (江苏宁沪高速公路股份有限公司) (600377.SH) reported a net profit of 1.3 billion yuan in the first quarter of 2023, up 51.7% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, up 32.9% year-on-year.

At the end of the reporting period, it had 80.1 billion yuan in total assets and 40.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.