San Bian Sci-Tech Co.,Ltd.’s Net Profit Rose 270.4% in First Quarter of 2023

San Bian Sci-Tech Co.,Ltd. (三变科技股份有限公司) (002112.SZ) reported a net profit of 6.7 million yuan in the first quarter of 2023, up 270.4% year-on-year.

Meanwhile, the company posted 236.4 million yuan in revenue, up 24% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72%.