Zhejiang Yongqiang Group Co.,Ltd.’s Net Profit Rose 200.8% in First Quarter of 2023

Zhejiang Yongqiang Group Co.,Ltd. (浙江永强集团股份有限公司) (002489.SZ) reported a net profit of 404.6 million yuan in the first quarter of 2023, up 200.8% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 22.7% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 54.8%.