Shandong Gold Phoenix Co.,Ltd.’s Net Profit Rose 385.1% in First Quarter of 2023

Shandong Gold Phoenix Co.,Ltd. (山东金麒麟股份有限公司) (603586.SH) reported a net profit of 45.4 million yuan in the first quarter of 2023, up 385.1% year-on-year.

Meanwhile, the company posted 459.8 million yuan in revenue, up 11.8% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 487.2 million yuan in total liabilities, with a liability-to-asset ratio of 17.7%.