Qinchuan Machine Tool&Tool Group Share Co.,Ltd.’s Net Profit Dropped 6.4% in First Quarter of 2023

Qinchuan Machine Tool&Tool Group Share Co.,Ltd. (秦川机床工具集团股份公司) (000837.SZ) reported a net profit of 62.7 million yuan in the first quarter of 2023, down 6.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 10% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.