Sichuan Swellfun Co.,Ltd.’s Net Profit Dropped 56% in First Quarter of 2023

Sichuan Swellfun Co.,Ltd. (四川水井坊股份有限公司) (600779.SH) reported a net profit of 159.5 million yuan in the first quarter of 2023, down 56% year-on-year.

Meanwhile, the company posted 853.3 million yuan in revenue, down 39.7% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.