Guangzhou Tinci Materials Technology Co.,Ltd.’s Net Profit Dropped 54.2% in First Quarter of 2023

Guangzhou Tinci Materials Technology Co.,Ltd. (广州天赐高新材料股份有限公司) (002709.SZ) reported a net profit of 699.7 million yuan in the first quarter of 2023, down 54.2% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 16.2% year-on-year.

At the end of the reporting period, it had 26 billion yuan in total assets and 12.3 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.