Jinjian Cereals Industry Co.,Ltd. Posted 10.1 Million Yuan Net Profit in First Quarter of 2023

Jinjian Cereals Industry Co.,Ltd. (金健米业股份有限公司) (600127.SH) reported a net profit of 10.1 million yuan in the first quarter of 2023, reversing a net loss of 5 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 60.7%.