Wuhan Raycus Fiber Laser Technologies Co.,Ltd.’s Net Profit Rose 113.3% in First Quarter of 2023

Wuhan Raycus Fiber Laser Technologies Co.,Ltd. (武汉锐科光纤激光技术股份有限公司) (300747.SZ) reported a net profit of 45.7 million yuan in the first quarter of 2023, up 113.3% year-on-year.

Meanwhile, the company posted 785.9 million yuan in revenue, up 12.1% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 43%.