Fujian Dongbai(Group) Co.,Ltd.’s Net Profit Rose 17.2% in First Quarter of 2023

Fujian Dongbai(Group) Co.,Ltd. (福建东百集团股份有限公司) (600693.SH) reported a net profit of 54.4 million yuan in the first quarter of 2023, up 17.2% year-on-year.

Meanwhile, the company posted 516.5 million yuan in revenue, up 1.8% year-on-year.

At the end of the reporting period, it had 14.7 billion yuan in total assets and 10.5 billion yuan in total liabilities, with a liability-to-asset ratio of 71.5%.