Chahua Modern Housewares Co.,Ltd. Posted 2 Million Yuan Net Profit in First Quarter of 2023

Chahua Modern Housewares Co.,Ltd. (茶花现代家居用品股份有限公司) (603615.SH) reported a net profit of 2 million yuan in the first quarter of 2023, reversing a net loss of 1.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 167 million yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 187.3 million yuan in total liabilities, with a liability-to-asset ratio of 13.4%.