Yantai Zhenghai Magnetic Material Co.,Ltd.’s Net Profit Rose 39.5% in First Quarter of 2023

Yantai Zhenghai Magnetic Material Co.,Ltd. (烟台正海磁性材料股份有限公司) (300224.SZ) reported a net profit of 118.5 million yuan in the first quarter of 2023, up 39.5% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 29.2% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 4.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.6%.