Foshan Haitian Flavouring And Food Company Ltd.’s Net Profit Dropped 5.8% in First Quarter of 2023

Foshan Haitian Flavouring And Food Company Ltd. (佛山市海天调味食品股份有限公司) (603288.SH) reported a net profit of 1.7 billion yuan in the first quarter of 2023, down 5.8% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 34.6 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 17.2%.