Harbin Electric Corporation Jiamusi Electric Machine Co.,Ltd.’s Net Profit Rose 30.9% in First Quarter of 2023

Harbin Electric Corporation Jiamusi Electric Machine Co.,Ltd. (哈尔滨电气集团佳木斯电机股份有限公司) (000922.SZ) reported a net profit of 98.7 million yuan in the first quarter of 2023, up 30.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 26% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 48%.