Changsha Tongcheng Holdings Co.,Ltd.’s Net Profit Dropped 34.2% in First Quarter of 2023

Changsha Tongcheng Holdings Co.,Ltd. (长沙通程控股股份有限公司) (000419.SZ) reported a net profit of 37 million yuan in the first quarter of 2023, down 34.2% year-on-year.

Meanwhile, the company posted 496.8 million yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.