Tianshui Zhongxing Bio-Technology Co.,Ltd.’s Net Profit Rose 1303.2% in First Quarter of 2023

Tianshui Zhongxing Bio-Technology Co.,Ltd. (天水众兴菌业科技股份有限公司) (002772.SZ) reported a net profit of 199 million yuan in the first quarter of 2023, up 1303.2% year-on-year.

Meanwhile, the company posted 622.9 million yuan in revenue, up 27.6% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.