Shandong Shengli Co.,Ltd.’s Net Profit Dropped 5.5% in First Quarter of 2023

Shandong Shengli Co.,Ltd. (山东胜利股份有限公司) (000407.SZ) reported a net profit of 36 million yuan in the first quarter of 2023, down 5.5% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.5%.