May 03, 2023 08:00 AM

Xinhu Zhongbao Co.,Ltd.’s Net Profit Rose 45.2% in First Quarter of 2023

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Xinhu Zhongbao Co.,Ltd. (新湖中宝股份有限公司) (600208.SH) reported a net profit of 704.4 million yuan in the first quarter of 2023, up 45.2% year-on-year.

Meanwhile, the company posted 315.8 million yuan in revenue, down 85% year-on-year.

At the end of the reporting period, it had 125.3 billion yuan in total assets and 82.1 billion yuan in total liabilities, with a liability-to-asset ratio of 65.5%.

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