Haixin Foods Co.,Ltd.’s Net Profit Dropped 30.3% in First Quarter of 2023

Haixin Foods Co.,Ltd. (海欣食品股份有限公司) (002702.SZ) reported a net profit of 13.4 million yuan in the first quarter of 2023, down 30.3% year-on-year.

Meanwhile, the company posted 400.9 million yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 786.4 million yuan in total liabilities, with a liability-to-asset ratio of 47.4%.