Xiandai Investment Co.,Ltd.’s Net Profit Rose 13.3% in First Quarter of 2023

Xiandai Investment Co.,Ltd. (现代投资股份有限公司) (000900.SZ) reported a net profit of 194.4 million yuan in the first quarter of 2023, up 13.3% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 29.6% year-on-year.

At the end of the reporting period, it had 58.4 billion yuan in total assets and 44.4 billion yuan in total liabilities, with a liability-to-asset ratio of 76.1%.