Changhong Meiling Co.,Ltd.’s Net Profit Rose 857.3% in First Quarter of 2023

Changhong Meiling Co.,Ltd. (长虹美菱股份有限公司) (000521.SZ) reported a net profit of 128.1 million yuan in the first quarter of 2023, up 857.3% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, up 25.2% year-on-year.

At the end of the reporting period, it had 17.1 billion yuan in total assets and 11.4 billion yuan in total liabilities, with a liability-to-asset ratio of 66.8%.