Hubei Century Network Technology Co.,Ltd.’s Net Profit Rose 40% in First Quarter of 2023

Hubei Century Network Technology Co.,Ltd. (湖北盛天网络技术股份有限公司) (300494.SZ) reported a net profit of 73.5 million yuan in the first quarter of 2023, up 40% year-on-year.

Meanwhile, the company posted 429.4 million yuan in revenue, up 34.5% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 513.3 million yuan in total liabilities, with a liability-to-asset ratio of 24%.