Sumec Corporation Limited’s Net Profit Rose 16.5% in First Quarter of 2023

Sumec Corporation Limited (苏美达股份有限公司) (600710.SH) reported a net profit of 641.3 million yuan in the first quarter of 2023, up 16.5% year-on-year.

Meanwhile, the company posted 31 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 55.1 billion yuan in total assets and 41.1 billion yuan in total liabilities, with a liability-to-asset ratio of 74.6%.