Hangzhou First Applied Material Co.,Ltd.’s Net Profit Rose 7.4% in First Quarter of 2023

Hangzhou First Applied Material Co.,Ltd. (杭州福斯特应用材料股份有限公司) (603806.SH) reported a net profit of 364.7 million yuan in the first quarter of 2023, up 7.4% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, up 26.5% year-on-year.

At the end of the reporting period, it had 20.8 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.8%.