Panda Financial Holding Corp.,Ltd.’s Net Profit Dropped 42% in First Quarter of 2023

Panda Financial Holding Corp.,Ltd. (熊猫金控股份有限公司) (600599.SH) reported a net profit of 21.1 million yuan in the first quarter of 2023, down 42% year-on-year.

Meanwhile, the company posted 71 million yuan in revenue, down 39.4% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 208 million yuan in total liabilities, with a liability-to-asset ratio of 20.4%.