Hunan Friendship&Apollo Commercial Co.,Ltd.’s Net Profit Dropped 36% in First Quarter of 2023

Hunan Friendship&Apollo Commercial Co.,Ltd. (湖南友谊阿波罗商业股份有限公司) (002277.SZ) reported a net profit of 33.2 million yuan in the first quarter of 2023, down 36% year-on-year.

Meanwhile, the company posted 366.8 million yuan in revenue, down 43.2% year-on-year.

At the end of the reporting period, it had 14.9 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.