Wutong Holding Group Co.,Ltd. Posted 20.7 Million Yuan Net Profit in First Quarter of 2023

Wutong Holding Group Co.,Ltd. (吴通控股集团股份有限公司) (300292.SZ) reported a net profit of 20.7 million yuan in the first quarter of 2023, reversing a net loss of 11.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 789 million yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.