Fujian Zhangzhou Development Co.,Ltd.’s Net Profit Dropped 29.5% in First Quarter of 2023

Fujian Zhangzhou Development Co.,Ltd. (福建漳州发展股份有限公司) (000753.SZ) reported a net profit of 26.8 million yuan in the first quarter of 2023, down 29.5% year-on-year.

Meanwhile, the company posted 460.3 million yuan in revenue, down 31% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.4%.