Highbroad Advanced Material(Hefei) Co.,Ltd.’s Net Profit Dropped 86.3% in First Quarter of 2023

Highbroad Advanced Material(Hefei) Co.,Ltd. (翰博高新材料(合肥)股份有限公司) (301321.SZ) reported a net profit of 4.5 million yuan in the first quarter of 2023, down 86.3% year-on-year.

Meanwhile, the company posted 464.1 million yuan in revenue, down 35.7% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.7%.