Suzhou Maxwell Technologies Co.,Ltd.’s Net Profit Rose 17.3% in First Quarter of 2023

Suzhou Maxwell Technologies Co.,Ltd. (苏州迈为科技股份有限公司) (300751.SZ) reported a net profit of 204.7 million yuan in the first quarter of 2023, up 17.3% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 38.6% year-on-year.

At the end of the reporting period, it had 17.1 billion yuan in total assets and 10.5 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.