Yantai Yuancheng Gold Co.,Ltd. Posted 447,541 Yuan Net Profit in First Quarter of 2023

Yantai Yuancheng Gold Co.,Ltd. (烟台园城黄金股份有限公司) (600766.SH) reported a net profit of 447,541 yuan in the first quarter of 2023, reversing a net loss of 142,775 yuan for the same period in the previous year.

Meanwhile, the company posted 20.8 million yuan in revenue, up 88.8% year-on-year.

At the end of the reporting period, it had 476.2 million yuan in total assets and 418.7 million yuan in total liabilities, with a liability-to-asset ratio of 87.9%.