Shanxi Lanhua Sci-Tech Venture Co.,Ltd.’s Net Profit Dropped 12.9% in First Quarter of 2023

Shanxi Lanhua Sci-Tech Venture Co.,Ltd. (山西兰花科技创业股份有限公司) (600123.SH) reported a net profit of 779.7 million yuan in the first quarter of 2023, down 12.9% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, down 7.7% year-on-year.

At the end of the reporting period, it had 31.6 billion yuan in total assets and 15.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.