Jiangshu Hengshun Vinegar Co.,Ltd.’s Net Profit Dropped 4.1% in First Quarter of 2023

Jiangshu Hengshun Vinegar Co.,Ltd. (江苏恒顺醋业股份有限公司) (600305.SH) reported a net profit of 71.3 million yuan in the first quarter of 2023, down 4.1% year-on-year.

Meanwhile, the company posted 612.9 million yuan in revenue, up 7.1% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 639.3 million yuan in total liabilities, with a liability-to-asset ratio of 21.8%.