Bright Dairy&Food Co.,Ltd.’s Net Profit Rose 28% in First Quarter of 2023

Bright Dairy&Food Co.,Ltd. (光明乳业股份有限公司) (600597.SH) reported a net profit of 239.4 million yuan in the first quarter of 2023, up 28% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 23.8 billion yuan in total assets and 13.1 billion yuan in total liabilities, with a liability-to-asset ratio of 55.1%.