Zhejiang Three Stars New Materials Co.,Ltd.’s Net Profit Rose 20.1% in First Quarter of 2023

Zhejiang Three Stars New Materials Co.,Ltd. (浙江三星新材股份有限公司) (603578.SH) reported a net profit of 40.3 million yuan in the first quarter of 2023, up 20.1% year-on-year.

Meanwhile, the company posted 299.1 million yuan in revenue, up 14.3% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 294.6 million yuan in total liabilities, with a liability-to-asset ratio of 22.6%.