Guangdong Hongda Holdings Group Co.,Ltd.’s Net Profit Rose 49% in First Quarter of 2023

Guangdong Hongda Holdings Group Co.,Ltd. (广东宏大控股集团股份有限公司) (002683.SZ) reported a net profit of 75.1 million yuan in the first quarter of 2023, up 49% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 14.6 billion yuan in total assets and 7.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.8%.