Xiamen Hexing Packaging Printing Co.,Ltd.’s Net Profit Dropped 29.3% in First Quarter of 2023

Xiamen Hexing Packaging Printing Co.,Ltd. (厦门合兴包装印刷股份有限公司) (002228.SZ) reported a net profit of 30.7 million yuan in the first quarter of 2023, down 29.3% year-on-year.

Meanwhile, the company posted 3 billion yuan in revenue, down 23.8% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 4.8 billion yuan in total liabilities, with a liability-to-asset ratio of 57%.