Shenzhen Glory Medical Co.,Ltd.’s Net Profit Dropped 41.4% in First Quarter of 2023

Shenzhen Glory Medical Co.,Ltd. (深圳市尚荣医疗股份有限公司) (002551.SZ) reported a net profit of 7.8 million yuan in the first quarter of 2023, down 41.4% year-on-year.

Meanwhile, the company posted 309.4 million yuan in revenue, down 36.1% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 29.2%.