By Bingyan Wang


Tongwei Co.'s first-quarter net profit surged 66% compared with the same period a year earlier, driven by strong revenue growth.

The feedstuff producer said Monday that its net profit jumped to 8.60 billion yuan ($1.25 billion) while its revenue rose 35% to CNY33.24 billion.

The company's operating profit almost doubled on year to CNY12.67 billion.


Write to Bingyan Wang at bingyan.wang@wsj.com


(END) Dow Jones Newswires

04-24-23 2039ET