Jiaozuo Wanfang Aluminum Manufacturing Co.,Ltd.’s Net Profit Dropped 88.4% in First Quarter of 2023

Jiaozuo Wanfang Aluminum Manufacturing Co.,Ltd. (焦作万方铝业股份有限公司) (000612.SZ) reported a net profit of 23.6 million yuan in the first quarter of 2023, down 88.4% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 34.3% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 33.9%.