Jiangxi Hongcheng Environment Co.,Ltd.’s Net Profit Rose 4.8% in First Quarter of 2023

Jiangxi Hongcheng Environment Co.,Ltd. (江西洪城环境股份有限公司) (600461.SH) reported a net profit of 311.9 million yuan in the first quarter of 2023, up 4.8% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 22.4 billion yuan in total assets and 14 billion yuan in total liabilities, with a liability-to-asset ratio of 62.7%.