Zhejiang Wansheng Co.,Ltd.’s Net Profit Dropped 54.7% in First Quarter of 2023

Zhejiang Wansheng Co.,Ltd. (浙江万盛股份有限公司) (603010.SH) reported a net profit of 57.5 million yuan in the first quarter of 2023, down 54.7% year-on-year.

Meanwhile, the company posted 710.6 million yuan in revenue, down 20.1% year-on-year.

At the end of the reporting period, it had 6.2 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34.1%.