Wuchan Zhongda Group Co.,Ltd.’s Net Profit Dropped 0.6% in First Quarter of 2023

Wuchan Zhongda Group Co.,Ltd. (物产中大集团股份有限公司) (600704.SH) reported a net profit of 1.5 billion yuan in the first quarter of 2023, down 0.6% year-on-year.

Meanwhile, the company posted 128.1 billion yuan in revenue, up 8% year-on-year.

At the end of the reporting period, it had 179.3 billion yuan in total assets and 131.5 billion yuan in total liabilities, with a liability-to-asset ratio of 73.3%.