Zhejiang Huge Leaf Co.,Ltd.’s Net Profit Dropped 87.4% in First Quarter of 2023

Zhejiang Huge Leaf Co.,Ltd. (浙江瀚叶股份有限公司) (600226.SH) reported a net profit of 42.1 million yuan in the first quarter of 2023, down 87.4% year-on-year.

Meanwhile, the company posted 129.2 million yuan in revenue, down 18.5% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 270.6 million yuan in total liabilities, with a liability-to-asset ratio of 7.4%.