Qinghai Huzhu Tianyoude Highland Barley Spirit Co.,Ltd.’s Net Profit Dropped 29.2% in First Quarter of 2023

Qinghai Huzhu Tianyoude Highland Barley Spirit Co.,Ltd. (青海互助天佑德青稞酒股份有限公司) (002646.SZ) reported a net profit of 77.1 million yuan in the first quarter of 2023, down 29.2% year-on-year.

Meanwhile, the company posted 396.3 million yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 414.6 million yuan in total liabilities, with a liability-to-asset ratio of 12.9%.