Beijing North Star Company Limited’s Net Profit Rose 33.4% in First Quarter of 2023

Beijing North Star Company Limited (北京北辰实业股份有限公司) (601588.SH) reported a net profit of 48.1 million yuan in the first quarter of 2023, up 33.4% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 79.9% year-on-year.

At the end of the reporting period, it had 68 billion yuan in total assets and 52 billion yuan in total liabilities, with a liability-to-asset ratio of 76.5%.