Hengbao Co.,Ltd. Posted 34.3 Million Yuan Net Profit in First Quarter of 2023

Hengbao Co.,Ltd. (恒宝股份有限公司) (002104.SZ) reported a net profit of 34.3 million yuan in the first quarter of 2023, reversing a net loss of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 304.5 million yuan in revenue, up 77.7% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 311.4 million yuan in total liabilities, with a liability-to-asset ratio of 13.5%.