Zhejiang Kingland Pipeline And Technologies Co.,Ltd.’s Net Profit Rose 32.4% in First Quarter of 2023

Zhejiang Kingland Pipeline And Technologies Co.,Ltd. (浙江金洲管道科技股份有限公司) (002443.SZ) reported a net profit of 71.4 million yuan in the first quarter of 2023, up 32.4% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 8.7% year-on-year.

At the end of the reporting period, it had 4.7 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 28.3%.