Toly Bread Co.,Ltd.’s Net Profit Dropped 12.2% in First Quarter of 2023

Toly Bread Co.,Ltd. (桃李面包股份有限公司) (603866.SH) reported a net profit of 138.7 million yuan in the first quarter of 2023, down 12.2% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 6.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 24%.