Xj Electric Co.,Ltd.’s Net Profit Rose 38% in First Quarter of 2023

Xj Electric Co.,Ltd. (许继电气股份有限公司) (000400.SZ) reported a net profit of 178.2 million yuan in the first quarter of 2023, up 38% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, up 32.2% year-on-year.

At the end of the reporting period, it had 19 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.