Nanjing Xinlian Electronics Co.,Ltd. Posted 84.1 Million Yuan Net Profit in First Quarter of 2023

Nanjing Xinlian Electronics Co.,Ltd. (南京新联电子股份有限公司) (002546.SZ) reported a net profit of 84.1 million yuan in the first quarter of 2023, reversing a net loss of 9.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 113.3 million yuan in revenue, up 20.3% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 324.6 million yuan in total liabilities, with a liability-to-asset ratio of 8.9%.