Orient Group Incorporation Posted 78.6 Million Yuan Net Profit in First Quarter of 2023

Orient Group Incorporation (东方集团股份有限公司) (600811.SH) reported a net profit of 78.6 million yuan in the first quarter of 2023, reversing a net loss of 20.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 23.4% year-on-year.

At the end of the reporting period, it had 41.6 billion yuan in total assets and 23.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56%.