Poten Environment Group Co.,Ltd. Posted 11.8 Million Yuan Net Profit in First Quarter of 2023

Poten Environment Group Co.,Ltd. (博天环境集团股份有限公司) (603603.SH) reported a net profit of 11.8 million yuan in the first quarter of 2023, reversing a net loss of 94.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 194.1 million yuan in revenue, up 11.7% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 75.5%.