Huangshan Tourism Development Co.,Ltd. Posted 70.7 Million Yuan Net Profit in First Quarter of 2023

Huangshan Tourism Development Co.,Ltd. (黄山旅游发展股份有限公司) (600054.SH) reported a net profit of 70.7 million yuan in the first quarter of 2023, reversing a net loss of 86.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 337.9 million yuan in revenue, up 161.3% year-on-year.

At the end of the reporting period, it had 5.2 billion yuan in total assets and 880.9 million yuan in total liabilities, with a liability-to-asset ratio of 16.8%.