Vats Liquor Chain Store Management Joint Stock Co.,Ltd.’s Net Profit Dropped 58.4% in First Quarter of 2023

Vats Liquor Chain Store Management Joint Stock Co.,Ltd. (华致酒行连锁管理股份有限公司) (300755.SZ) reported a net profit of 104.4 million yuan in the first quarter of 2023, down 58.4% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, up 5.3% year-on-year.

At the end of the reporting period, it had 8 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.