Hanghai Belling Co.,Ltd.’s Net Profit Dropped 77.3% in First Quarter of 2023

Hanghai Belling Co.,Ltd. (上海贝岭股份有限公司) (600171.SH) reported a net profit of 32.8 million yuan in the first quarter of 2023, down 77.3% year-on-year.

Meanwhile, the company posted 394.6 million yuan in revenue, down 11.6% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 696.4 million yuan in total liabilities, with a liability-to-asset ratio of 14%.