Suwen Electric Energy Technology Co.,Ltd.’s Net Profit Rose 129% in First Quarter of 2023

Suwen Electric Energy Technology Co.,Ltd. (苏文电能科技股份有限公司) (300982.SZ) reported a net profit of 96.3 million yuan in the first quarter of 2023, up 129% year-on-year.

Meanwhile, the company posted 580.8 million yuan in revenue, up 42.8% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 30.2%.