China Railway Group Limited’s Net Profit Rose 6.7% in First Quarter of 2023

China Railway Group Limited (中国中铁股份有限公司) (601390.SH) reported a net profit of 8.9 billion yuan in the first quarter of 2023, up 6.7% year-on-year.

Meanwhile, the company posted 272 billion yuan in revenue, up 2.1% year-on-year.

At the end of the reporting period, it had 1.7 trillion yuan in total assets and 1.2 trillion yuan in total liabilities, with a liability-to-asset ratio of 73.7%.