Shanghai Sanmao Enterprise(Group) Co.,Ltd.’s Net Profit Rose 159.7% in First Quarter of 2023

Shanghai Sanmao Enterprise(Group) Co.,Ltd. (上海三毛企业(集团)股份有限公司) (600689.SH) reported a net profit of 2.7 million yuan in the first quarter of 2023, up 159.7% year-on-year.

Meanwhile, the company posted 283 million yuan in revenue, up 145.6% year-on-year.

At the end of the reporting period, it had 710.4 million yuan in total assets and 282.4 million yuan in total liabilities, with a liability-to-asset ratio of 39.8%.