Liuzhou Liangmianzhen Co.,Ltd. Posted 4.7 Million Yuan Net Profit in First Quarter of 2023

Liuzhou Liangmianzhen Co.,Ltd. (柳州两面针股份有限公司) (600249.SH) reported a net profit of 4.7 million yuan in the first quarter of 2023, reversing a net loss of 29.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 188 million yuan in revenue, up 23.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 412.2 million yuan in total liabilities, with a liability-to-asset ratio of 16.4%.