Heilongjiang Agriculture Company Limited’s Net Profit Rose 21.7% in First Quarter of 2023

Heilongjiang Agriculture Company Limited (黑龙江北大荒农业股份有限公司) (600598.SH) reported a net profit of 532.6 million yuan in the first quarter of 2023, up 21.7% year-on-year.

Meanwhile, the company posted 867.1 million yuan in revenue, up 20.4% year-on-year.

At the end of the reporting period, it had 14.1 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 46.9%.