China Baoan Group Co.,Ltd.’s Net Profit Rose 3.4% in First Quarter of 2023

China Baoan Group Co.,Ltd. (中国宝安集团股份有限公司) (000009.SZ) reported a net profit of 466.3 million yuan in the first quarter of 2023, up 3.4% year-on-year.

Meanwhile, the company posted 8.2 billion yuan in revenue, up 44.6% year-on-year.

At the end of the reporting period, it had 51.4 billion yuan in total assets and 31.9 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.