Tianjin Meiteng Technology Co.,Ltd.’s Net Profit Rose 50% in First Quarter of 2023

Tianjin Meiteng Technology Co.,Ltd. (天津美腾科技股份有限公司) (688420.SH) reported a net profit of 5 million yuan in the first quarter of 2023, up 50% year-on-year.

Meanwhile, the company posted 88.1 million yuan in revenue, up 92.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 315.7 million yuan in total liabilities, with a liability-to-asset ratio of 17.9%.