Fsilon Furnishing And Construction Materials Corporation’s Net Profit Dropped 63% in First Quarter of 2023

Fsilon Furnishing And Construction Materials Corporation (法狮龙家居建材股份有限公司) (605318.SH) reported a net profit of 2 million yuan in the first quarter of 2023, down 63% year-on-year.

Meanwhile, the company posted 94.6 million yuan in revenue, down 19.5% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 418.8 million yuan in total liabilities, with a liability-to-asset ratio of 34.7%.