Ningbo Tuopu Group Co.,Ltd.’s Net Profit Rose 13.6% in First Quarter of 2023

Ningbo Tuopu Group Co.,Ltd. (宁波拓普集团股份有限公司) (601689.SH) reported a net profit of 453.9 million yuan in the first quarter of 2023, up 13.6% year-on-year.

Meanwhile, the company posted 4.5 billion yuan in revenue, up 19.3% year-on-year.

At the end of the reporting period, it had 27.9 billion yuan in total assets and 15.3 billion yuan in total liabilities, with a liability-to-asset ratio of 54.8%.