Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. Posted 25.5 Million Yuan Net Profit in First Quarter of 2023

Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. (天津桂发祥十八街麻花食品股份有限公司) (002820.SZ) reported a net profit of 25.5 million yuan in the first quarter of 2023, reversing a net loss of 18.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 142.7 million yuan in revenue, up 108.2% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 101.5 million yuan in total liabilities, with a liability-to-asset ratio of 9.4%.