Panda Dairy Corporation.’s Net Profit Rose 47.1% in First Quarter of 2023

Panda Dairy Corporation. (熊猫乳品集团股份有限公司) (300898.SZ) reported a net profit of 18.3 million yuan in the first quarter of 2023, up 47.1% year-on-year.

Meanwhile, the company posted 215.2 million yuan in revenue, up 11.3% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 207.6 million yuan in total liabilities, with a liability-to-asset ratio of 19%.