Zhejiang Orient Financial Holdings Group Co.,Ltd.’s Net Profit Rose 309.3% in First Quarter of 2023

Zhejiang Orient Financial Holdings Group Co.,Ltd. (浙江东方金融控股集团股份有限公司) (600120.SH) reported a net profit of 217.4 million yuan in the first quarter of 2023, up 309.3% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 42.2% year-on-year.

At the end of the reporting period, it had 38.1 billion yuan in total assets and 20.2 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.