Huafa Industrial Co.,Ltd.Zhuhai’s Net Profit Rose 6.9% in First Quarter of 2023

Huafa Industrial Co.,Ltd.Zhuhai (珠海华发实业股份有限公司) (600325.SH) reported a net profit of 795.8 million yuan in the first quarter of 2023, up 6.9% year-on-year.

Meanwhile, the company posted 12 billion yuan in revenue, up 43.3% year-on-year.

At the end of the reporting period, it had 426.9 billion yuan in total assets and 316.1 billion yuan in total liabilities, with a liability-to-asset ratio of 74.1%.