Guangzhou Wondfo Biotech Co.,Ltd.’s Net Profit Dropped 77.6% in First Quarter of 2023

Guangzhou Wondfo Biotech Co.,Ltd. (广州万孚生物技术股份有限公司) (300482.SZ) reported a net profit of 202.2 million yuan in the first quarter of 2023, down 77.6% year-on-year.

Meanwhile, the company posted 831.6 million yuan in revenue, down 68.3% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 19.8%.