Winall Hi-Tech Seed Co.,Ltd.’s Net Profit Rose 25.9% in First Quarter of 2023

Winall Hi-Tech Seed Co.,Ltd. (安徽荃银高科种业股份有限公司) (300087.SZ) reported a net profit of 37.6 million yuan in the first quarter of 2023, up 25.9% year-on-year.

Meanwhile, the company posted 617.5 million yuan in revenue, up 40.2% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 51%.