Oke Precision Cutting Tools Co.,Ltd.’s Net Profit Rose 4.8% in First Quarter of 2023

Oke Precision Cutting Tools Co.,Ltd. (株洲欧科亿数控精密刀具股份有限公司) (688308.SH) reported a net profit of 59.3 million yuan in the first quarter of 2023, up 4.8% year-on-year.

Meanwhile, the company posted 283.8 million yuan in revenue, up 8.4% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 872.2 million yuan in total liabilities, with a liability-to-asset ratio of 25.7%.