Sinotrans Limited’s Net Profit Dropped 12.6% in First Three Quarters of 2023

Sinotrans Limited (中国外运股份有限公司) (601598.SH) reported a net profit of 3.3 billion yuan in the first three quarters of 2023, down 12.6% year-on-year.

Meanwhile, the company posted 72.8 billion yuan in revenue, down 9.8% year-on-year.

At the end of the reporting period, it had 79.8 billion yuan in total assets and 40.8 billion yuan in total liabilities, with a liability-to-asset ratio of 51.1%.