Dehua Tb New Decoration Material Co.,Ltd.’s Net Profit Dropped 23.6% in First Quarter of 2023

Dehua Tb New Decoration Material Co.,Ltd. (德华兔宝宝装饰新材股份有限公司) (002043.SZ) reported a net profit of 74.6 million yuan in the first quarter of 2023, down 23.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 31.7% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 44.5%.