Zhejiang Meida Industrial Co.,Ltd.’s Net Profit Dropped 17.2% in First Quarter of 2023

Zhejiang Meida Industrial Co.,Ltd. (浙江美大实业股份有限公司) (002677.SZ) reported a net profit of 100.7 million yuan in the first quarter of 2023, down 17.2% year-on-year.

Meanwhile, the company posted 338.7 million yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 276.9 million yuan in total liabilities, with a liability-to-asset ratio of 11.8%.