Xiangpiaopiao Food Co.,Ltd. Posted 5.8 Million Yuan Net Profit in First Quarter of 2023

Xiangpiaopiao Food Co.,Ltd. (香飘飘食品股份有限公司) (603711.SH) reported a net profit of 5.8 million yuan in the first quarter of 2023, reversing a net loss of 59.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 679 million yuan in revenue, up 37% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 33.2%.