Zhejiang Xcc Group Co.,Ltd.’s Net Profit Dropped 9% in First Half of 2023

Zhejiang Xcc Group Co.,Ltd. (浙江五洲新春集团股份有限公司) (603667.SH) reported a net profit of 86.4 million yuan in the first half of 2023, down 9% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 47.4%.