Hangzhou Landscape Architecture Design Institute Co.,Ltd.’s Net Profit Dropped 53.7% in First Quarter of 2023

Hangzhou Landscape Architecture Design Institute Co.,Ltd. (杭州园林设计院股份有限公司) (300649.SZ) reported a net profit of 10.5 million yuan in the first quarter of 2023, down 53.7% year-on-year.

Meanwhile, the company posted 71.1 million yuan in revenue, down 57.2% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 551.2 million yuan in total liabilities, with a liability-to-asset ratio of 50.1%.