Hangcha Group Co.,Ltd.’s Net Profit Rose 52.3% in First Quarter of 2023

Hangcha Group Co.,Ltd. (杭叉集团股份有限公司) (603298.SH) reported a net profit of 301.2 million yuan in the first quarter of 2023, up 52.3% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, up 9% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 35.2%.