May 03, 2023 08:00 AM

Wushang Group Co.,Ltd.’s Net Profit Dropped 25% in First Quarter of 2023

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Wushang Group Co.,Ltd. (武商集团股份有限公司) (000501.SZ) reported a net profit of 131.9 million yuan in the first quarter of 2023, down 25% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 9.7% year-on-year.

At the end of the reporting period, it had 31.7 billion yuan in total assets and 20.8 billion yuan in total liabilities, with a liability-to-asset ratio of 65.5%.

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