Jiahe Foods Industry Co.,Ltd.’s Net Profit Rose 267.6% in First Quarter of 2023

Jiahe Foods Industry Co.,Ltd. (佳禾食品工业股份有限公司) (605300.SH) reported a net profit of 63.3 million yuan in the first quarter of 2023, up 267.6% year-on-year.

Meanwhile, the company posted 641.1 million yuan in revenue, up 22.8% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34%.