Jihua Group Corporation Limited’s Net Profit Dropped 76.2% in First Quarter of 2023

Jihua Group Corporation Limited (际华集团股份有限公司) (601718.SH) reported a net profit of 25 million yuan in the first quarter of 2023, down 76.2% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 32.4% year-on-year.

At the end of the reporting period, it had 27.1 billion yuan in total assets and 10 billion yuan in total liabilities, with a liability-to-asset ratio of 37%.