Chengdu Hongqi Chain Co.,Ltd.’s Net Profit Rose 15.4% in First Quarter of 2023

Chengdu Hongqi Chain Co.,Ltd. (成都红旗连锁股份有限公司) (002697.SZ) reported a net profit of 140.9 million yuan in the first quarter of 2023, up 15.4% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 8.1 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.8%.