Shenzhen Invt Electric Co.,Ltd. Posted 97 Million Yuan Net Profit in First Quarter of 2023

Shenzhen Invt Electric Co.,Ltd. (深圳市英威腾电气股份有限公司) (002334.SZ) reported a net profit of 97 million yuan in the first quarter of 2023, reversing a net loss of 119,938 yuan for the same period in the previous year.

Meanwhile, the company posted 1 billion yuan in revenue, up 41.9% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.