Baotailong New Materials Co.,Ltd.’s Net Profit Dropped 15.2% in First Quarter of 2023

Baotailong New Materials Co.,Ltd. (宝泰隆新材料股份有限公司) (601011.SH) reported a net profit of 29.8 million yuan in the first quarter of 2023, down 15.2% year-on-year.

Meanwhile, the company posted 830.2 million yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 13.9 billion yuan in total assets and 5.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.