Hongli Zhihui Group Co.,Ltd.’s Net Profit Dropped 13.5% in First Quarter of 2023

Hongli Zhihui Group Co.,Ltd. (鸿利智汇集团股份有限公司) (300219.SZ) reported a net profit of 45.7 million yuan in the first quarter of 2023, down 13.5% year-on-year.

Meanwhile, the company posted 715.6 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 4.8 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.