Jinfa Labi Maternity&Baby Articles Co.,Ltd.’s Net Profit Dropped 12% in First Quarter of 2023

Jinfa Labi Maternity&Baby Articles Co.,Ltd. (金发拉比妇婴童用品股份有限公司) (002762.SZ) reported a net profit of 5.4 million yuan in the first quarter of 2023, down 12% year-on-year.

Meanwhile, the company posted 51.1 million yuan in revenue, down 17.5% year-on-year.

At the end of the reporting period, it had 938.8 million yuan in total assets and 58.1 million yuan in total liabilities, with a liability-to-asset ratio of 6.2%.