Sichuan Hebang Biotechnology Co.,Ltd.’s Net Profit Dropped 63.5% in First Quarter of 2023

Sichuan Hebang Biotechnology Co.,Ltd. (四川和邦生物科技股份有限公司) (603077.SH) reported a net profit of 381.5 million yuan in the first quarter of 2023, down 63.5% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 22.4% year-on-year.

At the end of the reporting period, it had 24 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 16.1%.