Tianjin You Fa Steel Pipe Group Stock Co.,Ltd.’s Net Profit Rose 62.8% in First Quarter of 2023

Tianjin You Fa Steel Pipe Group Stock Co.,Ltd. (天津友发钢管集团股份有限公司) (601686.SH) reported a net profit of 217.2 million yuan in the first quarter of 2023, up 62.8% year-on-year.

Meanwhile, the company posted 14.4 billion yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 18.2 billion yuan in total assets and 10.8 billion yuan in total liabilities, with a liability-to-asset ratio of 59.4%.