Zhejiang Huayou Cobalt Co.,Ltd.’s Net Profit Rose 11.8% in First Quarter of 2023

Zhejiang Huayou Cobalt Co.,Ltd. (浙江华友钴业股份有限公司) (603799.SH) reported a net profit of 1.5 billion yuan in the first quarter of 2023, up 11.8% year-on-year.

Meanwhile, the company posted 19.1 billion yuan in revenue, up 44.6% year-on-year.

At the end of the reporting period, it had 119.9 billion yuan in total assets and 84.8 billion yuan in total liabilities, with a liability-to-asset ratio of 70.8%.