Jiangsu Changbao Steeltube Co.,Ltd.’s Net Profit Rose 372.2% in First Quarter of 2023

Jiangsu Changbao Steeltube Co.,Ltd. (江苏常宝钢管股份有限公司) (002478.SZ) reported a net profit of 201.4 million yuan in the first quarter of 2023, up 372.2% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 68.2% year-on-year.

At the end of the reporting period, it had 7.8 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 36.8%.