Hunan Aihua Group Co.,Ltd.’s Net Profit Dropped 22.7% in First Quarter of 2023

Hunan Aihua Group Co.,Ltd. (湖南艾华集团股份有限公司) (603989.SH) reported a net profit of 90.2 million yuan in the first quarter of 2023, down 22.7% year-on-year.

Meanwhile, the company posted 705.2 million yuan in revenue, down 18.9% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.1%.