Nanfang Black Sesame Gruop Co.,Ltd.’s Net Profit Rose 277.6% in First Quarter of 2023

Nanfang Black Sesame Gruop Co.,Ltd. (南方黑芝麻集团股份有限公司) (000716.SZ) reported a net profit of 10.3 million yuan in the first quarter of 2023, up 277.6% year-on-year.

Meanwhile, the company posted 617.9 million yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 44.4%.