Wedge Industrial Co.,Ltd.’s Net Profit Rose 81.5% in First Quarter of 2023

Wedge Industrial Co.,Ltd. (万泽实业股份有限公司) (000534.SZ) reported a net profit of 57.2 million yuan in the first quarter of 2023, up 81.5% year-on-year.

Meanwhile, the company posted 281.5 million yuan in revenue, up 106.4% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 47.8%.