Jiajiayue Group Co.,Ltd.’s Net Profit Rose 11.8% in First Quarter of 2023

Jiajiayue Group Co.,Ltd. (家家悦集团股份有限公司) (603708.SH) reported a net profit of 138.3 million yuan in the first quarter of 2023, up 11.8% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 11.8 billion yuan in total liabilities, with a liability-to-asset ratio of 82%.