Shanghai Kindly Enterprise Development Group Co.,Ltd.’s Net Profit Dropped 0.2% in First Quarter of 2023

Shanghai Kindly Enterprise Development Group Co.,Ltd. (上海康德莱企业发展集团股份有限公司) (603987.SH) reported a net profit of 103.4 million yuan in the first quarter of 2023, down 0.2% year-on-year.

Meanwhile, the company posted 686.9 million yuan in revenue, down 20.8% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 36.2%.