Ningbo Fubang Jingye Group Co.,Ltd. Posted 746,807 Yuan Net Profit in First Quarter of 2023

Ningbo Fubang Jingye Group Co.,Ltd. (宁波富邦精业集团股份有限公司) (600768.SH) reported a net profit of 746,807 yuan in the first quarter of 2023, reversing a net loss of 1.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 67.3 million yuan in revenue, up 20.2% year-on-year.

At the end of the reporting period, it had 560 million yuan in total assets and 166.7 million yuan in total liabilities, with a liability-to-asset ratio of 29.8%.