Chengdu Galaxy Magnets Co.,Ltd.’s Net Profit Rose 35.3% in First Quarter of 2023

Chengdu Galaxy Magnets Co.,Ltd. (成都银河磁体股份有限公司) (300127.SZ) reported a net profit of 50.1 million yuan in the first quarter of 2023, up 35.3% year-on-year.

Meanwhile, the company posted 204.8 million yuan in revenue, down 4.6% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 62.4 million yuan in total liabilities, with a liability-to-asset ratio of 4.1%.