China Union Holdings Ltd.’s Net Profit Dropped 15.5% in First Quarter of 2023

China Union Holdings Ltd. (华联控股股份有限公司) (000036.SZ) reported a net profit of 38 million yuan in the first quarter of 2023, down 15.5% year-on-year.

Meanwhile, the company posted 169.3 million yuan in revenue, down 16.4% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 29.1%.