Zhonglu Co.,Ltd. Posted 1.1 Million Yuan Net Profit in First Quarter of 2023

Zhonglu Co.,Ltd. (中路股份有限公司) (600818.SH) reported a net profit of 1.1 million yuan in the first quarter of 2023, reversing a net loss of 2.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 188.7 million yuan in revenue, up 42.9% year-on-year.

At the end of the reporting period, it had 921.5 million yuan in total assets and 339.6 million yuan in total liabilities, with a liability-to-asset ratio of 36.9%.