Hefei Metalforming Intelligent Manufacturing Co.,Ltd.’s Net Profit Dropped 24.6% in First Quarter of 2023

Hefei Metalforming Intelligent Manufacturing Co.,Ltd. (合肥合锻智能制造股份有限公司) (603011.SH) reported a net profit of 19.2 million yuan in the first quarter of 2023, down 24.6% year-on-year.

Meanwhile, the company posted 293.7 million yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 45.5%.