Yantai Zhenghai Bio-Tech Co.,Ltd.’s Net Profit Dropped 2.9% in First Quarter of 2023

Yantai Zhenghai Bio-Tech Co.,Ltd. (烟台正海生物科技股份有限公司) (300653.SZ) reported a net profit of 53.4 million yuan in the first quarter of 2023, down 2.9% year-on-year.

Meanwhile, the company posted 109.1 million yuan in revenue, down 7.3% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 101.4 million yuan in total liabilities, with a liability-to-asset ratio of 9.9%.