Jiangsu Holly Corporation’s Net Profit Rose 217.3% in First Quarter of 2023

Jiangsu Holly Corporation (江苏弘业股份有限公司) (600128.SH) reported a net profit of 18.3 million yuan in the first quarter of 2023, up 217.3% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.6%.