China Tungsten And Hightech Materials Co.,Ltd.’s Net Profit Dropped 13% in First Quarter of 2023

China Tungsten And Hightech Materials Co.,Ltd. (中钨高新材料股份有限公司) (000657.SZ) reported a net profit of 121 million yuan in the first quarter of 2023, down 13% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 12.5 billion yuan in total assets and 6.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.1%.