China Railway Construction Heavy Industry Corporation Limited’s Net Profit Rose 10.5% in First Quarter of 2023

China Railway Construction Heavy Industry Corporation Limited (中国铁建重工集团股份有限公司) (688425.SH) reported a net profit of 416.7 million yuan in the first quarter of 2023, up 10.5% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 10.7% year-on-year.

At the end of the reporting period, it had 25.5 billion yuan in total assets and 9.5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.