Hangzhou Oxygen Plant Group Co.,Ltd.’s Net Profit Dropped 13.1% in First Quarter of 2023

Hangzhou Oxygen Plant Group Co.,Ltd. (杭氧集团股份有限公司) (002430.SZ) reported a net profit of 294.6 million yuan in the first quarter of 2023, down 13.1% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 20.2% year-on-year.

At the end of the reporting period, it had 20.6 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.