Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. Posted 43.8 Million Yuan Net Profit in First Quarter of 2023

Shanghai Metersbonwe Fashion&Accessories Co.,Ltd. (上海美特斯邦威服饰股份有限公司) (002269.SZ) reported a net profit of 43.8 million yuan in the first quarter of 2023, reversing a net loss of 151.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 406.7 million yuan in revenue, down 13.4% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 91.8%.