Kuaijishan Shaoxing Wine Co.,Ltd.’s Net Profit Dropped 51.1% in 2022

Kuaijishan Shaoxing Wine Co.,Ltd. (会稽山绍兴酒股份有限公司) (601579.SH) reported a net profit of 141.1 million yuan in 2022, down 51.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 821.5 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.