Hebei Hengshui Laobaigan Liquor Co.,Ltd.’s Net Profit Dropped 61.5% in First Quarter of 2023

Hebei Hengshui Laobaigan Liquor Co.,Ltd. (河北衡水老白干酒业股份有限公司) (600559.SH) reported a net profit of 102.4 million yuan in the first quarter of 2023, down 61.5% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 10.4% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 52.8%.