Zhejiang Hailiang Co.,Ltd.’s Net Profit Rose 8.4% in First Quarter of 2023

Zhejiang Hailiang Co.,Ltd. (浙江海亮股份有限公司) (002203.SZ) reported a net profit of 341.1 million yuan in the first quarter of 2023, up 8.4% year-on-year.

Meanwhile, the company posted 19.4 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 37.4 billion yuan in total assets and 23.6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.