Hob Biotech Group Corp.,Ltd.’s Net Profit Dropped 59% in First Quarter of 2023

Hob Biotech Group Corp.,Ltd. (江苏浩欧博生物医药股份有限公司) (688656.SH) reported a net profit of 5.6 million yuan in the first quarter of 2023, down 59% year-on-year.

Meanwhile, the company posted 80.8 million yuan in revenue, up 6.2% year-on-year.

At the end of the reporting period, it had 926 million yuan in total assets and 140.4 million yuan in total liabilities, with a liability-to-asset ratio of 15.2%.