Cofco Capital Holdings Co.,Ltd. Posted 482.2 Million Yuan Net Profit in First Quarter of 2023

Cofco Capital Holdings Co.,Ltd. (中粮资本控股股份有限公司) (002423.SZ) reported a net profit of 482.2 million yuan in the first quarter of 2023, reversing a net loss of 447.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 857.3 million yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 126.1 billion yuan in total assets and 100.5 billion yuan in total liabilities, with a liability-to-asset ratio of 79.8%.