Huaming Power Equipment Co.,Ltd.’s Net Profit Rose 81.8% in First Quarter of 2023

Huaming Power Equipment Co.,Ltd. (华明电力装备股份有限公司) (002270.SZ) reported a net profit of 120.5 million yuan in the first quarter of 2023, up 81.8% year-on-year.

Meanwhile, the company posted 412.5 million yuan in revenue, up 28.7% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 22.2%.