Bichamp Cutting Technology(Hunan) Co.,Ltd.’s Net Profit Rose 144.6% in First Quarter of 2023

Bichamp Cutting Technology(Hunan) Co.,Ltd. (湖南泰嘉新材料科技股份有限公司) (002843.SZ) reported a net profit of 37.6 million yuan in the first quarter of 2023, up 144.6% year-on-year.

Meanwhile, the company posted 446.5 million yuan in revenue, up 195.3% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 1.1 billion yuan in total liabilities, with a liability-to-asset ratio of 58.1%.