Black Peony(Group) Co.,Ltd.’s Net Profit Rose 390.9% in First Quarter of 2023

Black Peony(Group) Co.,Ltd. (黑牡丹(集团)股份有限公司) (600510.SH) reported a net profit of 105.7 million yuan in the first quarter of 2023, up 390.9% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 86.3% year-on-year.

At the end of the reporting period, it had 31.2 billion yuan in total assets and 20.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.