Jiangsu High Hope International Corporation’s Net Profit Rose 357.2% in First Quarter of 2023

Jiangsu High Hope International Corporation (江苏汇鸿国际集团股份有限公司) (600981.SH) reported a net profit of 123.5 million yuan in the first quarter of 2023, up 357.2% year-on-year.

Meanwhile, the company posted 11 billion yuan in revenue, up 26.1% year-on-year.

At the end of the reporting period, it had 26.3 billion yuan in total assets and 20.3 billion yuan in total liabilities, with a liability-to-asset ratio of 77.2%.