Shanghai Hi-Road Food Technology Co.,Ltd.’s Net Profit Dropped 27% in First Quarter of 2023

Shanghai Hi-Road Food Technology Co.,Ltd. (上海海融食品科技股份有限公司) (300915.SZ) reported a net profit of 23.5 million yuan in the first quarter of 2023, down 27% year-on-year.

Meanwhile, the company posted 240.2 million yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 202.7 million yuan in total liabilities, with a liability-to-asset ratio of 12.1%.