Jiangsu Pacific Quartz Co.,Ltd.’s Net Profit Rose 842.7% in First Quarter of 2023

Jiangsu Pacific Quartz Co.,Ltd. (江苏太平洋石英股份有限公司) (603688.SH) reported a net profit of 823.7 million yuan in the first quarter of 2023, up 842.7% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 370.5% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 513.5 million yuan in total liabilities, with a liability-to-asset ratio of 11.1%.