Neway Cnc Equipment(Suzhou) Co.,Ltd.’s Net Profit Rose 35.6% in First Quarter of 2023

Neway Cnc Equipment(Suzhou) Co.,Ltd. (纽威数控装备(苏州)股份有限公司) (688697.SH) reported a net profit of 71.7 million yuan in the first quarter of 2023, up 35.6% year-on-year.

Meanwhile, the company posted 527.6 million yuan in revenue, up 23.5% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2 billion yuan in total liabilities, with a liability-to-asset ratio of 57.6%.