Hengtong Logistics Co.,Ltd.’s Net Profit Rose 107.2% in First Quarter of 2023

Hengtong Logistics Co.,Ltd. (恒通物流股份有限公司) (603223.SH) reported a net profit of 27.1 million yuan in the first quarter of 2023, up 107.2% year-on-year.

Meanwhile, the company posted 883.9 million yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 808.2 million yuan in total liabilities, with a liability-to-asset ratio of 17.7%.