Zhejiang Jiaxin Silk Co.,Ltd.’s Net Profit Rose 82.4% in First Quarter of 2023

Zhejiang Jiaxin Silk Co.,Ltd. (浙江嘉欣丝绸股份有限公司) (002404.SZ) reported a net profit of 54.7 million yuan in the first quarter of 2023, up 82.4% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 8.6% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.