Suntront Technology Co.,Ltd.’s Net Profit Rose 472% in First Quarter of 2023

Suntront Technology Co.,Ltd. (新天科技股份有限公司) (300259.SZ) reported a net profit of 46.2 million yuan in the first quarter of 2023, up 472% year-on-year.

Meanwhile, the company posted 180.7 million yuan in revenue, down 1.8% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 492.3 million yuan in total liabilities, with a liability-to-asset ratio of 14.5%.