Wanxiang Doneed Co.,Ltd.’s Net Profit Dropped 17.5% in First Quarter of 2023

Wanxiang Doneed Co.,Ltd. (万向德农股份有限公司) (600371.SH) reported a net profit of 38.4 million yuan in the first quarter of 2023, down 17.5% year-on-year.

Meanwhile, the company posted 85.4 million yuan in revenue, up 15.2% year-on-year.

At the end of the reporting period, it had 913.7 million yuan in total assets and 246.8 million yuan in total liabilities, with a liability-to-asset ratio of 27%.