Anhui Jiuhuashan Tourism Development Co.,Ltd. Posted 61.9 Million Yuan Net Profit in First Quarter of 2023

Anhui Jiuhuashan Tourism Development Co.,Ltd. (安徽九华山旅游发展股份有限公司) (603199.SH) reported a net profit of 61.9 million yuan in the first quarter of 2023, reversing a net loss of 5.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 192 million yuan in revenue, up 137% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 212.7 million yuan in total liabilities, with a liability-to-asset ratio of 14%.