Shanghai Milkground Food Tech Co.,Ltd.’s Net Profit Dropped 57.7% in First Quarter of 2023

Shanghai Milkground Food Tech Co.,Ltd. (上海妙可蓝多食品科技股份有限公司) (600882.SH) reported a net profit of 34.3 million yuan in the first quarter of 2023, down 57.7% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 20.5% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 32.1%.