Ningbo Fangzheng Automobile Mould Co.,Ltd.’s Net Profit Dropped 10.1% in First Quarter of 2023

Ningbo Fangzheng Automobile Mould Co.,Ltd. (宁波方正汽车模具股份有限公司) (300998.SZ) reported a net profit of 4.1 million yuan in the first quarter of 2023, down 10.1% year-on-year.

Meanwhile, the company posted 198.5 million yuan in revenue, up 61.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 851.3 million yuan in total liabilities, with a liability-to-asset ratio of 38.3%.