Nanhua Bio-Medicine Co.,Ltd. Posted 437,868 Yuan Net Profit in First Quarter of 2023

Nanhua Bio-Medicine Co.,Ltd. (南华生物医药股份有限公司) (000504.SZ) reported a net profit of 437,868 yuan in the first quarter of 2023, reversing a net loss of 3.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 34.7 million yuan in revenue, down 46.4% year-on-year.

At the end of the reporting period, it had 554.4 million yuan in total assets and 474.1 million yuan in total liabilities, with a liability-to-asset ratio of 85.5%.