Tibet Cheezheng Tibetan Medicine Co.,Ltd.’s Net Profit Rose 6.6% in First Quarter of 2023

Tibet Cheezheng Tibetan Medicine Co.,Ltd. (西藏奇正藏药股份有限公司) (002287.SZ) reported a net profit of 92.5 million yuan in the first quarter of 2023, up 6.6% year-on-year.

Meanwhile, the company posted 295.9 million yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 41.9%.