Hangzhou Zhongtai Cryogenic Technology Corporation’s Net Profit Rose 12% in First Quarter of 2023

Hangzhou Zhongtai Cryogenic Technology Corporation (杭州中泰深冷技术股份有限公司) (300435.SZ) reported a net profit of 69.8 million yuan in the first quarter of 2023, up 12% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 7.3% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 40.3%.