Guangzhou Guangri Stock Co.,Ltd.’s Net Profit Rose 992.8% in First Quarter of 2023

Guangzhou Guangri Stock Co.,Ltd. (广州广日股份有限公司) (600894.SH) reported a net profit of 12 million yuan in the first quarter of 2023, up 992.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 17% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 28.3%.