Btg Hotels(Group) Co.,Ltd. Posted 94.5 Million Yuan Net Profit in First Quarter of 2023

Btg Hotels(Group) Co.,Ltd. (北京首旅酒店(集团)股份有限公司) (600258.SH) reported a net profit of 94.5 million yuan in the first quarter of 2023, reversing a net loss of 246.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 36.6% year-on-year.

At the end of the reporting period, it had 25.5 billion yuan in total assets and 14.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58%.