Zhejiang Kaier New Materials Co.,Ltd.’s Net Profit Rose 15.9% in First Quarter of 2023

Zhejiang Kaier New Materials Co.,Ltd. (浙江开尔新材料股份有限公司) (300234.SZ) reported a net profit of 11.3 million yuan in the first quarter of 2023, up 15.9% year-on-year.

Meanwhile, the company posted 74.8 million yuan in revenue, down 16.3% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 368.8 million yuan in total liabilities, with a liability-to-asset ratio of 25.5%.