Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd.’s Net Profit Dropped 26.6% in First Quarter of 2023

Xinjiang Xuefeng Sci-Tech(Group) Co.,Ltd. (新疆雪峰科技(集团)股份有限公司) (603227.SH) reported a net profit of 245.5 million yuan in the first quarter of 2023, down 26.6% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 17.5% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.