Qingdao East Steel Tower Stock Co.,Ltd.’s Net Profit Dropped 15.7% in First Quarter of 2023

Qingdao East Steel Tower Stock Co.,Ltd. (青岛东方铁塔股份有限公司) (002545.SZ) reported a net profit of 169 million yuan in the first quarter of 2023, down 15.7% year-on-year.

Meanwhile, the company posted 787.3 million yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 33.6%.