Baiyang Investment Group,Inc.’s Net Profit Rose 5.6% in First Quarter of 2023

Baiyang Investment Group,Inc. (百洋产业投资集团股份有限公司) (002696.SZ) reported a net profit of 6 million yuan in the first quarter of 2023, up 5.6% year-on-year.

Meanwhile, the company posted 553.8 million yuan in revenue, down 9.7% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49.1%.