Guangdong Guanghong Holdings Co.,Ltd.’s Net Profit Dropped 61.2% in First Quarter of 2023

Guangdong Guanghong Holdings Co.,Ltd. (广东广弘控股股份有限公司) (000529.SZ) reported a net profit of 21 million yuan in the first quarter of 2023, down 61.2% year-on-year.

Meanwhile, the company posted 582.2 million yuan in revenue, down 26.8% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 48.6%.