Zhejiang Hisun Biomaterials Co.,Ltd.’s Net Profit Dropped 58.2% in First Quarter of 2023

Zhejiang Hisun Biomaterials Co.,Ltd. (浙江海正生物材料股份有限公司) (688203.SH) reported a net profit of 4.2 million yuan in the first quarter of 2023, down 58.2% year-on-year.

Meanwhile, the company posted 142.8 million yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 516.6 million yuan in total liabilities, with a liability-to-asset ratio of 26.2%.