Sichuan Shengda Forestry Industry Co.,Ltd. Posted 4.1 Million Yuan Net Profit in First Quarter of 2023

Sichuan Shengda Forestry Industry Co.,Ltd. (四川升达林业产业股份有限公司) (002259.SZ) reported a net profit of 4.1 million yuan in the first quarter of 2023, reversing a net loss of 4.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 211.1 million yuan in revenue, down 44.3% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 728.2 million yuan in total liabilities, with a liability-to-asset ratio of 74.1%.