Beijing Tianyishangjia New Material Corp.,Ltd.’s Net Profit Rose 44.5% in First Quarter of 2023

Beijing Tianyishangjia New Material Corp.,Ltd. (北京天宜上佳高新材料股份有限公司) (688033.SH) reported a net profit of 51.3 million yuan in the first quarter of 2023, up 44.5% year-on-year.

Meanwhile, the company posted 311.1 million yuan in revenue, up 79.5% year-on-year.

At the end of the reporting period, it had 6.9 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 24.5%.