Tongwei Co.,Ltd.’s Net Profit Rose 88% in First Quarter of 2023

Tongwei Co.,Ltd. (通威股份有限公司) (600438.SH) reported a net profit of 10.9 billion yuan in the first quarter of 2023, up 88% year-on-year.

Meanwhile, the company posted 33.2 billion yuan in revenue, up 34.7% year-on-year.

At the end of the reporting period, it had 162.5 billion yuan in total assets and 78.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.2%.