Daodaoquan Grain And Oil Co.,Ltd. Posted 109.4 Million Yuan Net Profit in First Quarter of 2023

Daodaoquan Grain And Oil Co.,Ltd. (道道全粮油股份有限公司) (002852.SZ) reported a net profit of 109.4 million yuan in the first quarter of 2023, reversing a net loss of 53 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 41.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 59.3%.