Guangdong Mingzhu Group Co.,Ltd.’s Net Profit Rose 33% in First Quarter of 2023

Guangdong Mingzhu Group Co.,Ltd. (广东明珠集团股份有限公司) (600382.SH) reported a net profit of 77.6 million yuan in the first quarter of 2023, up 33% year-on-year.

Meanwhile, the company posted 170.9 million yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 525.3 million yuan in total liabilities, with a liability-to-asset ratio of 12.2%.