Shanghai Shine-Link International Logistics Co.,Ltd.’s Net Profit Dropped 4.9% in First Quarter of 2023

Shanghai Shine-Link International Logistics Co.,Ltd. (上海畅联国际物流股份有限公司) (603648.SH) reported a net profit of 48.6 million yuan in the first quarter of 2023, down 4.9% year-on-year.

Meanwhile, the company posted 404.1 million yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 529.6 million yuan in total liabilities, with a liability-to-asset ratio of 22%.