Zhejiang Nhu Company Ltd.’s Net Profit Dropped 46.4% in First Quarter of 2023

Zhejiang Nhu Company Ltd. (浙江新和成股份有限公司) (002001.SZ) reported a net profit of 646.9 million yuan in the first quarter of 2023, down 46.4% year-on-year.

Meanwhile, the company posted 3.6 billion yuan in revenue, down 16.2% year-on-year.

At the end of the reporting period, it had 39.5 billion yuan in total assets and 15.2 billion yuan in total liabilities, with a liability-to-asset ratio of 38.5%.