Kidswant Children Products Co.,Ltd. Posted 7.2 Million Yuan Net Profit in First Quarter of 2023

Kidswant Children Products Co.,Ltd. (孩子王儿童用品股份有限公司) (301078.SZ) reported a net profit of 7.2 million yuan in the first quarter of 2023, reversing a net loss of 32.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 0.6% year-on-year.

At the end of the reporting period, it had 7.5 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 60.2%.