Huzhou Times New Materials Technology Co.,Ltd.’s Net Profit Rose 2.5% in First Quarter of 2023

Huzhou Times New Materials Technology Co.,Ltd. (株洲时代新材料科技股份有限公司) (600458.SH) reported a net profit of 85.6 million yuan in the first quarter of 2023, up 2.5% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, up 5.6% year-on-year.

At the end of the reporting period, it had 17.5 billion yuan in total assets and 11 billion yuan in total liabilities, with a liability-to-asset ratio of 63.2%.