Yuan Longping High-Tech Agriculture Co.,Ltd.’s Net Profit Rose 121.2% in First Quarter of 2023

Yuan Longping High-Tech Agriculture Co.,Ltd. (袁隆平农业高科技股份有限公司) (000998.SZ) reported a net profit of 236.6 million yuan in the first quarter of 2023, up 121.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 17.5% year-on-year.

At the end of the reporting period, it had 14.5 billion yuan in total assets and 8.4 billion yuan in total liabilities, with a liability-to-asset ratio of 58%.