Suzhou Hailu Heavy Industry Co.,Ltd.’s Net Profit Rose 1.9% in First Quarter of 2023

Suzhou Hailu Heavy Industry Co.,Ltd. (苏州海陆重工股份有限公司) (002255.SZ) reported a net profit of 34.9 million yuan in the first quarter of 2023, up 1.9% year-on-year.

Meanwhile, the company posted 440.4 million yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 42.4%.