Fangda Carbon New Material Co.,Ltd.’s Net Profit Rose 471.2% in First Quarter of 2023

Fangda Carbon New Material Co.,Ltd. (方大炭素新材料科技股份有限公司) (600516.SH) reported a net profit of 226.5 million yuan in the first quarter of 2023, up 471.2% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 17.1% year-on-year.

At the end of the reporting period, it had 21.8 billion yuan in total assets and 3.5 billion yuan in total liabilities, with a liability-to-asset ratio of 16.1%.