Zhongnongfa Seed Industry Group Co.,Ltd.’s Net Profit Rose 102.9% in First Quarter of 2023

Zhongnongfa Seed Industry Group Co.,Ltd. (中农发种业集团股份有限公司) (600313.SH) reported a net profit of 58.2 million yuan in the first quarter of 2023, up 102.9% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 25.5% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 36.6%.