Hunan Chendian International Development Share-Holding Limited Company’s Net Profit Dropped 31.4% in First Quarter of 2023

Hunan Chendian International Development Share-Holding Limited Company (湖南郴电国际发展股份有限公司) (600969.SH) reported a net profit of 28.6 million yuan in the first quarter of 2023, down 31.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 11.6 billion yuan in total liabilities, with a liability-to-asset ratio of 74.8%.