Lander Sports Development Co.,Ltd. Posted 11.9 Million Yuan Net Profit in First Quarter of 2023

Lander Sports Development Co.,Ltd. (莱茵达体育发展股份有限公司) (000558.SZ) reported a net profit of 11.9 million yuan in the first quarter of 2023, reversing a net loss of 8.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 83.8 million yuan in revenue, up 255.2% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 718.1 million yuan in total liabilities, with a liability-to-asset ratio of 39.7%.