Qingdao Novelbeam Technology Co.,Ltd.’s Net Profit Rose 34% in First Quarter of 2023

Qingdao Novelbeam Technology Co.,Ltd. (青岛海泰新光科技股份有限公司) (688677.SH) reported a net profit of 47.7 million yuan in the first quarter of 2023, up 34% year-on-year.

Meanwhile, the company posted 148.4 million yuan in revenue, up 58.8% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 126.4 million yuan in total liabilities, with a liability-to-asset ratio of 9%.