Hubei Huitian New Materials Co.,Ltd.’s Net Profit Rose 35.2% in First Quarter of 2023

Hubei Huitian New Materials Co.,Ltd. (湖北回天新材料股份有限公司) (300041.SZ) reported a net profit of 119.7 million yuan in the first quarter of 2023, up 35.2% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 11.8% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.1%.