Shenzhen Mtc Co.,Ltd.’s Net Profit Rose 13% in First Quarter of 2023

Shenzhen Mtc Co.,Ltd. (深圳市兆驰股份有限公司) (002429.SZ) reported a net profit of 400.5 million yuan in the first quarter of 2023, up 13% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 26.7 billion yuan in total assets and 12.4 billion yuan in total liabilities, with a liability-to-asset ratio of 46.5%.