Sichuan Hongda Co.,Ltd.’s Net Profit Dropped 72.2% in First Quarter of 2023

Sichuan Hongda Co.,Ltd. (四川宏达股份有限公司) (600331.SH) reported a net profit of 9.1 million yuan in the first quarter of 2023, down 72.2% year-on-year.

Meanwhile, the company posted 837.1 million yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 80.3%.