Luoniushan Co.,Ltd. Posted 49.6 Million Yuan Net Profit in First Quarter of 2023

Luoniushan Co.,Ltd. (罗牛山股份有限公司) (000735.SZ) reported a net profit of 49.6 million yuan in the first quarter of 2023, reversing a net loss of 38.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 163.1% year-on-year.

At the end of the reporting period, it had 12.2 billion yuan in total assets and 7.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60%.