Zhejiang Wanliyang Co.,Ltd.’s Net Profit Rose 35.1% in First Quarter of 2023

Zhejiang Wanliyang Co.,Ltd. (浙江万里扬股份有限公司) (002434.SZ) reported a net profit of 130.5 million yuan in the first quarter of 2023, up 35.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 7.2% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.