Xiamen Xinde Co.,Ltd.’s Net Profit Dropped 55.2% in First Quarter of 2023

Xiamen Xinde Co.,Ltd. (厦门信达股份有限公司) (000701.SZ) reported a net profit of 19.4 million yuan in the first quarter of 2023, down 55.2% year-on-year.

Meanwhile, the company posted 21 billion yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 16.8 billion yuan in total liabilities, with a liability-to-asset ratio of 82.3%.