Ningbo Peacebird Fashion Co.,Ltd.’s Net Profit Rose 14.1% in First Quarter of 2023

Ningbo Peacebird Fashion Co.,Ltd. (宁波太平鸟时尚服饰股份有限公司) (603877.SH) reported a net profit of 217.2 million yuan in the first quarter of 2023, up 14.1% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 15.8% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 44.8%.