Hmt(Xiamen) New Technical Materials Co.,Ltd.’s Net Profit Dropped 60% in First Quarter of 2023

Hmt(Xiamen) New Technical Materials Co.,Ltd. (华懋(厦门)新材料科技股份有限公司) (603306.SH) reported a net profit of 25.3 million yuan in the first quarter of 2023, down 60% year-on-year.

Meanwhile, the company posted 419.7 million yuan in revenue, up 22% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 351.5 million yuan in total liabilities, with a liability-to-asset ratio of 9.4%.