Sieyuan Electric Co.,Ltd.’s Net Profit Rose 43.3% in First Quarter of 2023

Sieyuan Electric Co.,Ltd. (思源电气股份有限公司) (002028.SZ) reported a net profit of 230.1 million yuan in the first quarter of 2023, up 43.3% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, up 24.9% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 5.8 billion yuan in total liabilities, with a liability-to-asset ratio of 37.6%.