Jiangsu Newamstar Packaging Machinery Co.,Ltd.’s Net Profit Rose 6.3% in First Quarter of 2023

Jiangsu Newamstar Packaging Machinery Co.,Ltd. (江苏新美星包装机械股份有限公司) (300509.SZ) reported a net profit of 16.3 million yuan in the first quarter of 2023, up 6.3% year-on-year.

Meanwhile, the company posted 247.3 million yuan in revenue, up 43.9% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.