Shanghai Tianchen Co.,Ltd. Posted 9.2 Million Yuan Net Profit in First Quarter of 2023

Shanghai Tianchen Co.,Ltd. (上海市天宸股份有限公司) (600620.SH) reported a net profit of 9.2 million yuan in the first quarter of 2023, reversing a net loss of 24.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 66 million yuan in revenue, up 1595% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 38.3%.