Shandong Nanshan Aluminium Co.,Ltd.’s Net Profit Dropped 32.1% in First Quarter of 2023

Shandong Nanshan Aluminium Co.,Ltd. (山东南山铝业股份有限公司) (600219.SH) reported a net profit of 557.4 million yuan in the first quarter of 2023, down 32.1% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 65.2 billion yuan in total assets and 14.4 billion yuan in total liabilities, with a liability-to-asset ratio of 22.1%.