Zhejiang Medicine Co.,Ltd.’s Net Profit Dropped 60.9% in First Quarter of 2023

Zhejiang Medicine Co.,Ltd. (浙江医药股份有限公司) (600216.SH) reported a net profit of 84.1 million yuan in the first quarter of 2023, down 60.9% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, down 8.1% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 21.3%.