Chaozhou Three-Circle(Group) Co.,Ltd.’s Net Profit Dropped 35.6% in First Quarter of 2023

Chaozhou Three-Circle(Group) Co.,Ltd. (潮州三环(集团)股份有限公司) (300408.SZ) reported a net profit of 320.5 million yuan in the first quarter of 2023, down 35.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 15.2% year-on-year.

At the end of the reporting period, it had 19.7 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 11.7%.