Jiangsu Safety Wire Rope Co.,Ltd.’s Net Profit Rose 29.1% in First Quarter of 2023

Jiangsu Safety Wire Rope Co.,Ltd. (江苏赛福天钢索股份有限公司) (603028.SH) reported a net profit of 12.2 million yuan in the first quarter of 2023, up 29.1% year-on-year.

Meanwhile, the company posted 329.8 million yuan in revenue, up 93.4% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 892.6 million yuan in total liabilities, with a liability-to-asset ratio of 55.7%.