Meihua Holdings Group Co.,Ltd.’s Net Profit Dropped 30.9% in First Quarter of 2023

Meihua Holdings Group Co.,Ltd. (梅花生物科技集团股份有限公司) (600873.SH) reported a net profit of 800.8 million yuan in the first quarter of 2023, down 30.9% year-on-year.

Meanwhile, the company posted 7 billion yuan in revenue, up 3.5% year-on-year.

At the end of the reporting period, it had 24.5 billion yuan in total assets and 11.6 billion yuan in total liabilities, with a liability-to-asset ratio of 47.3%.