China National Gold Group Gold Jewellery Co.,Ltd.’s Net Profit Rose 18.9% in First Quarter of 2023

China National Gold Group Gold Jewellery Co.,Ltd. (中国黄金集团黄金珠宝股份有限公司) (600916.SH) reported a net profit of 301.1 million yuan in the first quarter of 2023, up 18.9% year-on-year.

Meanwhile, the company posted 16.1 billion yuan in revenue, up 12.3% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.