Lafang China Co.,Ltd. Posted 34.9 Million Yuan Net Profit in First Quarter of 2023

Lafang China Co.,Ltd. (拉芳家化股份有限公司) (603630.SH) reported a net profit of 34.9 million yuan in the first quarter of 2023, reversing a net loss of 3.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 194 million yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 235.9 million yuan in total liabilities, with a liability-to-asset ratio of 10.6%.