Beijing Bei Mo Gao Ke Friction Material Co.,Ltd.’s Net Profit Dropped 13.3% in First Quarter of 2023

Beijing Bei Mo Gao Ke Friction Material Co.,Ltd. (北京北摩高科摩擦材料股份有限公司) (002985.SZ) reported a net profit of 158.6 million yuan in the first quarter of 2023, down 13.3% year-on-year.

Meanwhile, the company posted 314.7 million yuan in revenue, down 14.5% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 684.3 million yuan in total liabilities, with a liability-to-asset ratio of 15.5%.