Hongda Xingye Co.,Ltd.’s Net Profit Dropped 98.3% in First Quarter of 2023

Hongda Xingye Co.,Ltd. (鸿达兴业股份有限公司) (002002.SZ) reported a net profit of 1.7 million yuan in the first quarter of 2023, down 98.3% year-on-year.

Meanwhile, the company posted 834.2 million yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 18.8 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 45%.