Beijing Sifang Automation Co.,Ltd.’s Net Profit Rose 10.6% in First Quarter of 2023

Beijing Sifang Automation Co.,Ltd. (北京四方继保自动化股份有限公司) (601126.SH) reported a net profit of 142.4 million yuan in the first quarter of 2023, up 10.6% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 8.5 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.5%.