Jiangxi Selon Industrial Co.,Ltd.’s Net Profit Dropped 75.9% in First Quarter of 2023

Jiangxi Selon Industrial Co.,Ltd. (江西世龙实业股份有限公司) (002748.SZ) reported a net profit of 12.1 million yuan in the first quarter of 2023, down 75.9% year-on-year.

Meanwhile, the company posted 524.3 million yuan in revenue, down 15.7% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 708 million yuan in total liabilities, with a liability-to-asset ratio of 34.4%.