Hunan Tyen Machinery Co.,Ltd.’s Net Profit Rose 66.2% in First Quarter of 2023

Hunan Tyen Machinery Co.,Ltd. (湖南天雁机械股份有限公司) (600698.SH) reported a net profit of 665,614 yuan in the first quarter of 2023, up 66.2% year-on-year.

Meanwhile, the company posted 107.5 million yuan in revenue, up 28.6% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 332.6 million yuan in total liabilities, with a liability-to-asset ratio of 30.4%.