Polaris Bay Group Co.,Ltd.’s Net Profit Rose 374.5% in First Quarter of 2023

Polaris Bay Group Co.,Ltd. (华创云信数字技术股份有限公司) (600155.SH) reported a net profit of 135.4 million yuan in the first quarter of 2023, up 374.5% year-on-year.

Meanwhile, the company posted 741.7 million yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 53.3 billion yuan in total assets and 33.8 billion yuan in total liabilities, with a liability-to-asset ratio of 63.4%.