Zhejiang Jianfeng Group Co.,Ltd.’s Net Profit Dropped 49.6% in First Quarter of 2023

Zhejiang Jianfeng Group Co.,Ltd. (浙江尖峰集团股份有限公司) (600668.SH) reported a net profit of 17.8 million yuan in the first quarter of 2023, down 49.6% year-on-year.

Meanwhile, the company posted 607.3 million yuan in revenue, down 27% year-on-year.

At the end of the reporting period, it had 7.2 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 22%.