China Xd Electric Co.,Ltd.’s Net Profit Rose 53.8% in First Quarter of 2023

China Xd Electric Co.,Ltd. (中国西电电气股份有限公司) (601179.SH) reported a net profit of 207.5 million yuan in the first quarter of 2023, up 53.8% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 21.7% year-on-year.

At the end of the reporting period, it had 40 billion yuan in total assets and 16.7 billion yuan in total liabilities, with a liability-to-asset ratio of 41.9%.