China Quanjude(Group) Co.,Ltd. Posted 8.2 Million Yuan Net Profit in First Quarter of 2023

China Quanjude(Group) Co.,Ltd. (中国全聚德(集团)股份有限公司) (002186.SZ) reported a net profit of 8.2 million yuan in the first quarter of 2023, reversing a net loss of 50.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 319.6 million yuan in revenue, up 49.4% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 783.3 million yuan in total liabilities, with a liability-to-asset ratio of 50.1%.