Shandong Hiking International Co.,Ltd.’s Net Profit Dropped 18.6% in First Quarter of 2023

Shandong Hiking International Co.,Ltd. (山东新华锦国际股份有限公司) (600735.SH) reported a net profit of 17.8 million yuan in the first quarter of 2023, down 18.6% year-on-year.

Meanwhile, the company posted 561.8 million yuan in revenue, up 25.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 857.6 million yuan in total liabilities, with a liability-to-asset ratio of 35.6%.