Hefei Fengle Seed Co.,Ltd.’s Net Profit Remained Flat in First Quarter of 2023

Hefei Fengle Seed Co.,Ltd. (合肥丰乐种业股份有限公司) (000713.SZ) reported a net profit of 7.9 million yuan in the first quarter of 2023, flat year-on-year.

Meanwhile, the company posted 614.8 million yuan in revenue, up 11% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 896.6 million yuan in total liabilities, with a liability-to-asset ratio of 30.6%.