New Hope Dairy Co.,Ltd.’s Net Profit Rose 37% in First Quarter of 2023

New Hope Dairy Co.,Ltd. (新希望乳业股份有限公司) (002946.SZ) reported a net profit of 62.5 million yuan in the first quarter of 2023, up 37% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 8.8% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.