Guangzhou Kingmed Diagnostics Group Co.,Ltd.’s Net Profit Dropped 84.5% in First Quarter of 2023

Guangzhou Kingmed Diagnostics Group Co.,Ltd. (广州金域医学检验集团股份有限公司) (603882.SH) reported a net profit of 140.6 million yuan in the first quarter of 2023, down 84.5% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 50.2% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.