Hainan Haiyao Co.,Ltd. Posted 523,222 Yuan Net Profit in First Quarter of 2023

Hainan Haiyao Co.,Ltd. (海南海药股份有限公司) (000566.SZ) reported a net profit of 523,222 yuan in the first quarter of 2023, reversing a net loss of 12.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 495 million yuan in revenue, down 10.6% year-on-year.

At the end of the reporting period, it had 7.7 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.