Shanghai Rongtai Health Technology Corporation Limited’s Net Profit Dropped 35.7% in First Quarter of 2023

Shanghai Rongtai Health Technology Corporation Limited (上海荣泰健康科技股份有限公司) (603579.SH) reported a net profit of 37.7 million yuan in the first quarter of 2023, down 35.7% year-on-year.

Meanwhile, the company posted 385.7 million yuan in revenue, down 31.7% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 41.5%.