Wuxi Taiji Industry Corporation Limited’s Net Profit Dropped 14.1% in First Quarter of 2023

Wuxi Taiji Industry Corporation Limited (无锡市太极实业股份有限公司) (600667.SH) reported a net profit of 180 million yuan in the first quarter of 2023, down 14.1% year-on-year.

Meanwhile, the company posted 8.7 billion yuan in revenue, up 26.9% year-on-year.

At the end of the reporting period, it had 27.2 billion yuan in total assets and 19.2 billion yuan in total liabilities, with a liability-to-asset ratio of 70.5%.