Zhejiang China Light&Textile Industrial City Group Co.,Ltd.’s Net Profit Dropped 4.1% in First Quarter of 2023

Zhejiang China Light&Textile Industrial City Group Co.,Ltd. (浙江中国轻纺城集团股份有限公司) (600790.SH) reported a net profit of 75.3 million yuan in the first quarter of 2023, down 4.1% year-on-year.

Meanwhile, the company posted 221.9 million yuan in revenue, up 13.8% year-on-year.

At the end of the reporting period, it had 10.7 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 40.8%.