Shenzhen Sed Industry Co.,Ltd.’s Net Profit Rose 39.2% in First Quarter of 2023

Shenzhen Sed Industry Co.,Ltd. (深圳市桑达实业股份有限公司) (000032.SZ) reported a net profit of 100.9 million yuan in the first quarter of 2023, up 39.2% year-on-year.

Meanwhile, the company posted 12.9 billion yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 56.5 billion yuan in total assets and 45.2 billion yuan in total liabilities, with a liability-to-asset ratio of 79.9%.