Xinjiang Guannong Co.,Ltd.’s Net Profit Rose 74.9% in First Quarter of 2023

Xinjiang Guannong Co.,Ltd. (新疆冠农股份有限公司) (600251.SH) reported a net profit of 346.6 million yuan in the first quarter of 2023, up 74.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 181.6% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.