May 03, 2023 08:00 AM

Royal Group Co.,Ltd.’s Net Profit Dropped 94% in First Quarter of 2023

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Royal Group Co.,Ltd. (皇氏集团股份有限公司) (002329.SZ) reported a net profit of 4.5 million yuan in the first quarter of 2023, down 94% year-on-year.

Meanwhile, the company posted 868.8 million yuan in revenue, up 53.8% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 68.9%.

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