China New Aviation's revenue will increase by 32.5% in 2023, but its net profit will drop by 57%

In 2023, China New Aviation's revenue reached 27.006 billion yuan, a year-on-year increase of 32.5%, but its net profit was only 290 million yuan, a year-on-year decline of 57%, showing a situation of "increased revenue but not increased profits". As of December 31, 2023, the company's total assets were 105.429 billion yuan, a year-on-year increase of 16.5%; its net assets were 46.386 billion yuan, a year-on-year increase of 11.6%.