Wanxiang Qianchao Co.,Ltd.’s Net Profit Dropped 0.4% in First Quarter of 2023

Wanxiang Qianchao Co.,Ltd. (万向钱潮股份公司) (000559.SZ) reported a net profit of 263.3 million yuan in the first quarter of 2023, down 0.4% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 7.6% year-on-year.

At the end of the reporting period, it had 20 billion yuan in total assets and 10.9 billion yuan in total liabilities, with a liability-to-asset ratio of 54.2%.