Jiangsu Pacific Precision Forging Co.,Ltd.’s Net Profit Rose 7.4% in First Quarter of 2023

Jiangsu Pacific Precision Forging Co.,Ltd. (江苏太平洋精锻科技股份有限公司) (300258.SZ) reported a net profit of 45.7 million yuan in the first quarter of 2023, up 7.4% year-on-year.

Meanwhile, the company posted 448.1 million yuan in revenue, up 10.8% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 44.2%.