Zhejiang Garden Bio-Chemical High-Tech Co.,Ltd.’s Net Profit Dropped 65.7% in First Quarter of 2023

Zhejiang Garden Bio-Chemical High-Tech Co.,Ltd. (浙江花园生物高科股份有限公司) (300401.SZ) reported a net profit of 51.9 million yuan in the first quarter of 2023, down 65.7% year-on-year.

Meanwhile, the company posted 317.1 million yuan in revenue, down 18% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.