Zhejiang Xinguang Pharmaceutical Co.,Ltd.’s Net Profit Dropped 28.9% in First Quarter of 2023

Zhejiang Xinguang Pharmaceutical Co.,Ltd. (浙江新光药业股份有限公司) (300519.SZ) reported a net profit of 30.4 million yuan in the first quarter of 2023, down 28.9% year-on-year.

Meanwhile, the company posted 92.3 million yuan in revenue, down 9.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 72.7 million yuan in total liabilities, with a liability-to-asset ratio of 7.6%.