Shenzhen Wote Advanced Materials Co.,Ltd.’s Net Profit Rose 22.9% in First Quarter of 2023

Shenzhen Wote Advanced Materials Co.,Ltd. (深圳市沃特新材料股份有限公司) (002886.SZ) reported a net profit of 8 million yuan in the first quarter of 2023, up 22.9% year-on-year.

Meanwhile, the company posted 343.7 million yuan in revenue, down 0.7% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 53.7%.