Shanghai Xintonglian Packinf Co.,Ltd.’s Net Profit Rose 34.6% in First Quarter of 2023

Shanghai Xintonglian Packinf Co.,Ltd. (上海新通联包装股份有限公司) (603022.SH) reported a net profit of 10.8 million yuan in the first quarter of 2023, up 34.6% year-on-year.

Meanwhile, the company posted 193.5 million yuan in revenue, up 11.8% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 259.1 million yuan in total liabilities, with a liability-to-asset ratio of 25.9%.