Shenzhen Tagen Group Co.,Ltd.’s Net Profit Dropped 76.7% in First Quarter of 2023

Shenzhen Tagen Group Co.,Ltd. (深圳市天健(集团)股份有限公司) (000090.SZ) reported a net profit of 210.9 million yuan in the first quarter of 2023, down 76.7% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 70 billion yuan in total assets and 55.6 billion yuan in total liabilities, with a liability-to-asset ratio of 79.4%.