Wuhan Xianglong Power Industry Co.,Ltd.’s Net Profit Rose 37.1% in First Quarter of 2023

Wuhan Xianglong Power Industry Co.,Ltd. (武汉祥龙电业股份有限公司) (600769.SH) reported a net profit of 3.5 million yuan in the first quarter of 2023, up 37.1% year-on-year.

Meanwhile, the company posted 16.3 million yuan in revenue, up 28.4% year-on-year.

At the end of the reporting period, it had 246.1 million yuan in total assets and 164.7 million yuan in total liabilities, with a liability-to-asset ratio of 66.9%.