Yantai Dongcheng Biochemicals Co.,Ltd.’s Net Profit Dropped 5% in First Quarter of 2023

Yantai Dongcheng Biochemicals Co.,Ltd. (烟台东诚药业集团股份有限公司) (002675.SZ) reported a net profit of 62.9 million yuan in the first quarter of 2023, down 5% year-on-year.

Meanwhile, the company posted 850.5 million yuan in revenue, down 3.3% year-on-year.

At the end of the reporting period, it had 8.3 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 35.3%.