Avic Aero-Engine Control Co.,Ltd.’s Net Profit Rose 14.1% in First Quarter of 2023

Avic Aero-Engine Control Co.,Ltd. (中国航发动力控制股份有限公司) (000738.SZ) reported a net profit of 244.4 million yuan in the first quarter of 2023, up 14.1% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 10.8% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 23.7%.