Liaoning Shidai Wanheng Co.,Ltd.’s Net Profit Dropped 52% in First Quarter of 2023

Liaoning Shidai Wanheng Co.,Ltd. (辽宁时代万恒股份有限公司) (600241.SH) reported a net profit of 14.7 million yuan in the first quarter of 2023, down 52% year-on-year.

Meanwhile, the company posted 182 million yuan in revenue, down 15.6% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 349.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.8%.