Yinchuan Xinhua Commercial(Group) Co.,Ltd.’s Net Profit Rose 95.2% in First Quarter of 2023

Yinchuan Xinhua Commercial(Group) Co.,Ltd. (银川新华百货商业集团股份有限公司) (600785.SH) reported a net profit of 77.9 million yuan in the first quarter of 2023, up 95.2% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 7% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 76.6%.