Sino Biological Inc.’s Net Profit Dropped 26.7% in First Quarter of 2023

Sino Biological Inc. (北京义翘神州科技股份有限公司) (301047.SZ) reported a net profit of 83.7 million yuan in the first quarter of 2023, down 26.7% year-on-year.

Meanwhile, the company posted 157.1 million yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 193.9 million yuan in total liabilities, with a liability-to-asset ratio of 2.9%.