Guangzhou Holike Creative Home Co.,Ltd.’s Net Profit Dropped 78.1% in First Quarter of 2023

Guangzhou Holike Creative Home Co.,Ltd. (广州好莱客创意家居股份有限公司) (603898.SH) reported a net profit of 12 million yuan in the first quarter of 2023, down 78.1% year-on-year.

Meanwhile, the company posted 347.8 million yuan in revenue, down 43.5% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 29.3%.