Baida Group Co.,Ltd.’s Net Profit Dropped 93.6% in First Quarter of 2023

Baida Group Co.,Ltd. (百大集团股份有限公司) (600865.SH) reported a net profit of 3.5 million yuan in the first quarter of 2023, down 93.6% year-on-year.

Meanwhile, the company posted 56.5 million yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 251.3 million yuan in total liabilities, with a liability-to-asset ratio of 9.6%.