Ningbo Boway Alloy Material Co.,Ltd.’s Net Profit Rose 39.6% in First Quarter of 2023

Ningbo Boway Alloy Material Co.,Ltd. (宁波博威合金材料股份有限公司) (601137.SH) reported a net profit of 189.6 million yuan in the first quarter of 2023, up 39.6% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 14.2 billion yuan in total assets and 8 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.