Adama Ltd.’s Net Profit Dropped 80.5% in First Quarter of 2023

Adama Ltd. (安道麦股份有限公司) (000553.SZ) reported a net profit of 83.3 million yuan in the first quarter of 2023, down 80.5% year-on-year.

Meanwhile, the company posted 8.6 billion yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 59 billion yuan in total assets and 36.1 billion yuan in total liabilities, with a liability-to-asset ratio of 61.1%.