Ningbo Water Meter Co.,Ltd.’s Net Profit Rose 73.5% in First Quarter of 2023

Ningbo Water Meter Co.,Ltd. (宁波水表(集团)股份有限公司) (603700.SH) reported a net profit of 10.1 million yuan in the first quarter of 2023, up 73.5% year-on-year.

Meanwhile, the company posted 312.1 million yuan in revenue, up 27.7% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 701.1 million yuan in total liabilities, with a liability-to-asset ratio of 31.2%.