Huagong Tech Company Limited’s Net Profit Rose 41% in First Quarter of 2023

Huagong Tech Company Limited (华工科技产业股份有限公司) (000988.SZ) reported a net profit of 307.8 million yuan in the first quarter of 2023, up 41% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, down 6.8% year-on-year.

At the end of the reporting period, it had 17.6 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.