Shen Ma Industry Co.,Ltd.’s Net Profit Dropped 99.1% in First Quarter of 2023

Shen Ma Industry Co.,Ltd. (神马实业股份有限公司) (600810.SH) reported a net profit of 3.2 million yuan in the first quarter of 2023, down 99.1% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 28.1% year-on-year.

At the end of the reporting period, it had 31.5 billion yuan in total assets and 20.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.