Zhejiang Great Southeast Company Limited’s Net Profit Dropped 78.4% in First Quarter of 2023

Zhejiang Great Southeast Company Limited (浙江大东南股份有限公司) (002263.SZ) reported a net profit of 7 million yuan in the first quarter of 2023, down 78.4% year-on-year.

Meanwhile, the company posted 323.1 million yuan in revenue, down 19.9% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 303 million yuan in total liabilities, with a liability-to-asset ratio of 10%.