Shanghai Dobe Cultural And Creative Industry Development(Group) Co.,Ltd.’s Net Profit Dropped 89.2% in First Quarter of 2023

Shanghai Dobe Cultural And Creative Industry Development(Group) Co.,Ltd. (上海德必文化创意产业发展(集团)股份有限公司) (300947.SZ) reported a net profit of 2.8 million yuan in the first quarter of 2023, down 89.2% year-on-year.

Meanwhile, the company posted 239 million yuan in revenue, up 9.7% year-on-year.

At the end of the reporting period, it had 6.1 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 78%.