Henan Pinggao Electric Co.,Ltd.’s Net Profit Rose 205.1% in First Quarter of 2023

Henan Pinggao Electric Co.,Ltd. (河南平高电气股份有限公司) (600312.SH) reported a net profit of 174.4 million yuan in the first quarter of 2023, up 205.1% year-on-year.

Meanwhile, the company posted 2 billion yuan in revenue, up 20.8% year-on-year.

At the end of the reporting period, it had 18.2 billion yuan in total assets and 8.3 billion yuan in total liabilities, with a liability-to-asset ratio of 45.4%.