Guangzhou Restaurant Group Co.,Ltd.’s Net Profit Rose 9.3% in First Three Quarters of 2023

Guangzhou Restaurant Group Co.,Ltd. (广州酒家集团股份有限公司) (603043.SH) reported a net profit of 518.3 million yuan in the first three quarters of 2023, up 9.3% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.