Shanghai Huayi Group Corporation Ltd.’s Net Profit Dropped 87.4% in First Quarter of 2023

Shanghai Huayi Group Corporation Ltd. (上海华谊集团股份有限公司) (600623.SH) reported a net profit of 90.4 million yuan in the first quarter of 2023, down 87.4% year-on-year.

Meanwhile, the company posted 9.6 billion yuan in revenue, up 0.5% year-on-year.

At the end of the reporting period, it had 58.5 billion yuan in total assets and 32.3 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.