Cofco Tunhe Sugar Co.,Ltd.’s Net Profit Rose 15.2% in First Quarter of 2023

Cofco Tunhe Sugar Co.,Ltd. (中粮糖业控股股份有限公司) (600737.SH) reported a net profit of 279.1 million yuan in the first quarter of 2023, up 15.2% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 13.1 billion yuan in total liabilities, with a liability-to-asset ratio of 56.1%.