Ningbo Zhongbai Co.,Ltd.’s Net Profit Rose 85.2% in First Quarter of 2023

Ningbo Zhongbai Co.,Ltd. (宁波中百股份有限公司) (600857.SH) reported a net profit of 15 million yuan in the first quarter of 2023, up 85.2% year-on-year.

Meanwhile, the company posted 296.8 million yuan in revenue, up 65.8% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 193.6 million yuan in total liabilities, with a liability-to-asset ratio of 19.7%.