Wuxi Paike New Materials Technology Co.,Ltd.’s Net Profit Rose 33.4% in First Quarter of 2023

Wuxi Paike New Materials Technology Co.,Ltd. (无锡派克新材料科技股份有限公司) (605123.SH) reported a net profit of 143.4 million yuan in the first quarter of 2023, up 33.4% year-on-year.

Meanwhile, the company posted 943.4 million yuan in revenue, up 54.3% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 37.6%.