Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd.’s Net Profit Dropped 13.7% in First Quarter of 2023

Zhejiang Guyuelongshan Shaoxing Wine Co.,Ltd. (浙江古越龙山绍兴酒股份有限公司) (600059.SH) reported a net profit of 59.5 million yuan in the first quarter of 2023, down 13.7% year-on-year.

Meanwhile, the company posted 512.2 million yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 6.5 billion yuan in total assets and 896.1 million yuan in total liabilities, with a liability-to-asset ratio of 13.8%.