Guangdong Delian Group Co.,Ltd.’s Net Profit Dropped 22% in First Quarter of 2023

Guangdong Delian Group Co.,Ltd. (广东德联集团股份有限公司) (002666.SZ) reported a net profit of 28.7 million yuan in the first quarter of 2023, down 22% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 14.2% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 31.2%.