Guangzhou Hengyun Enterprises Holding Co.,Ltd. Posted 77.6 Million Yuan Net Profit in First Quarter of 2023

Guangzhou Hengyun Enterprises Holding Co.,Ltd. (广州恒运企业集团股份有限公司) (000531.SZ) reported a net profit of 77.6 million yuan in the first quarter of 2023, reversing a net loss of 51.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 6.4% year-on-year.

At the end of the reporting period, it had 16.3 billion yuan in total assets and 10.6 billion yuan in total liabilities, with a liability-to-asset ratio of 65.2%.