Shanghai Kaichuang Marine International Co.,Ltd.’s Net Profit Dropped 67.4% in First Quarter of 2023

Shanghai Kaichuang Marine International Co.,Ltd. (上海开创国际海洋资源股份有限公司) (600097.SH) reported a net profit of 3.4 million yuan in the first quarter of 2023, down 67.4% year-on-year.

Meanwhile, the company posted 318.5 million yuan in revenue, up 18.2% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 33.5%.