Puyang Huicheng Electronic Material Co.,Ltd.’s Net Profit Dropped 16.2% in First Quarter of 2023

Puyang Huicheng Electronic Material Co.,Ltd. (濮阳惠成电子材料股份有限公司) (300481.SZ) reported a net profit of 70.2 million yuan in the first quarter of 2023, down 16.2% year-on-year.

Meanwhile, the company posted 349.5 million yuan in revenue, down 7% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 574.8 million yuan in total liabilities, with a liability-to-asset ratio of 19.4%.