Chacha Food Company Limited’s Net Profit Dropped 14.3% in First Quarter of 2023

Chacha Food Company Limited (洽洽食品股份有限公司) (002557.SZ) reported a net profit of 178 million yuan in the first quarter of 2023, down 14.3% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 6.7% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 33.4%.