Kuaijishan Shaoxing Wine Co.,Ltd.’s Net Profit Rose 1.6% in First Quarter of 2023

Kuaijishan Shaoxing Wine Co.,Ltd. (会稽山绍兴酒股份有限公司) (601579.SH) reported a net profit of 79.4 million yuan in the first quarter of 2023, up 1.6% year-on-year.

Meanwhile, the company posted 369.9 million yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 683.5 million yuan in total liabilities, with a liability-to-asset ratio of 15.3%.