Jiangsu Xiuqiang Glasswork Co.,Ltd.’s Net Profit Rose 3.9% in First Quarter of 2023

Jiangsu Xiuqiang Glasswork Co.,Ltd. (江苏秀强玻璃工艺股份有限公司) (300160.SZ) reported a net profit of 62.7 million yuan in the first quarter of 2023, up 3.9% year-on-year.

Meanwhile, the company posted 341.9 million yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 467.2 million yuan in total liabilities, with a liability-to-asset ratio of 16.8%.