Hunan Valin Wire&Cable Co.,Ltd.’s Net Profit Dropped 36.4% in First Quarter of 2023

Hunan Valin Wire&Cable Co.,Ltd. (湖南华菱线缆股份有限公司) (001208.SZ) reported a net profit of 18.5 million yuan in the first quarter of 2023, down 36.4% year-on-year.

Meanwhile, the company posted 817.7 million yuan in revenue, up 16.1% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 60.2%.