Changzhou Qianhong Bio-Pharma Co.,Ltd.’s Net Profit Dropped 33.6% in First Quarter of 2023

Changzhou Qianhong Bio-Pharma Co.,Ltd. (常州千红生化制药股份有限公司) (002550.SZ) reported a net profit of 83.5 million yuan in the first quarter of 2023, down 33.6% year-on-year.

Meanwhile, the company posted 608.2 million yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 549.3 million yuan in total liabilities, with a liability-to-asset ratio of 17.9%.