Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.’s Net Profit Rose 29.6% in First Quarter of 2023

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd. (山西杏花村汾酒厂股份有限公司) (600809.SH) reported a net profit of 4.8 billion yuan in the first quarter of 2023, up 29.6% year-on-year.

Meanwhile, the company posted 12.7 billion yuan in revenue, up 20.4% year-on-year.

At the end of the reporting period, it had 40.3 billion yuan in total assets and 13.7 billion yuan in total liabilities, with a liability-to-asset ratio of 34.1%.