Sinotrans Limited’s Net Profit Rose 0.6% in First Quarter of 2023

Sinotrans Limited (中国外运股份有限公司) (601598.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, up 0.6% year-on-year.

Meanwhile, the company posted 22.4 billion yuan in revenue, down 24.6% year-on-year.

At the end of the reporting period, it had 78.1 billion yuan in total assets and 40.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51.4%.