Hangzhou Xzb Tech Co.,Ltd.’s Net Profit Rose 24.1% in First Quarter of 2023

Hangzhou Xzb Tech Co.,Ltd. (杭州新坐标科技股份有限公司) (603040.SH) reported a net profit of 47.6 million yuan in the first quarter of 2023, up 24.1% year-on-year.

Meanwhile, the company posted 131.9 million yuan in revenue, up 35.7% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 128.6 million yuan in total liabilities, with a liability-to-asset ratio of 9.7%.