Shantui Construction Machinery Co.,Ltd.’s Net Profit Dropped 53.6% in First Quarter of 2023

Shantui Construction Machinery Co.,Ltd. (山推工程机械股份有限公司) (000680.SZ) reported a net profit of 170.1 million yuan in the first quarter of 2023, down 53.6% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 6.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.