Shanghai Xuerong Biological Technology Co.,Ltd.’s Net Profit Rose 285.5% in First Quarter of 2023

Shanghai Xuerong Biological Technology Co.,Ltd. (上海雪榕生物科技股份有限公司) (300511.SZ) reported a net profit of 233.3 million yuan in the first quarter of 2023, up 285.5% year-on-year.

Meanwhile, the company posted 842.4 million yuan in revenue, up 46.3% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.