Hengdian Group Dmegc Magnetics Co.,Ltd.’s Net Profit Rose 61.1% in First Quarter of 2023

Hengdian Group Dmegc Magnetics Co.,Ltd. (横店集团东磁股份有限公司) (002056.SZ) reported a net profit of 584.8 million yuan in the first quarter of 2023, up 61.1% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 5.4% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 10.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.7%.