Xinjiang Youhao(Group) Co.,Ltd.’s Net Profit Rose 256.1% in First Quarter of 2023

Xinjiang Youhao(Group) Co.,Ltd. (新疆友好(集团)股份有限公司) (600778.SH) reported a net profit of 48 million yuan in the first quarter of 2023, up 256.1% year-on-year.

Meanwhile, the company posted 541.9 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 90.4%.