Western Superconducting Technologies Co.,Ltd.’s Net Profit Dropped 0.9% in First Quarter of 2023

Western Superconducting Technologies Co.,Ltd. (西部超导材料科技股份有限公司) (688122.SH) reported a net profit of 210.8 million yuan in the first quarter of 2023, down 0.9% year-on-year.

Meanwhile, the company posted 922.3 million yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 11.8 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44.3%.