Hunan Development Group Co.,Ltd.’s Net Profit Dropped 91.9% in First Quarter of 2023

Hunan Development Group Co.,Ltd. (湖南发展集团股份有限公司) (000722.SZ) reported a net profit of 3.2 million yuan in the first quarter of 2023, down 91.9% year-on-year.

Meanwhile, the company posted 53.7 million yuan in revenue, down 58.9% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 139.6 million yuan in total liabilities, with a liability-to-asset ratio of 4.2%.