Baoding Tianwei Baobian Electric Co.,Ltd.’s Net Profit Dropped 58.9% in First Quarter of 2023

Baoding Tianwei Baobian Electric Co.,Ltd. (保定天威保变电气股份有限公司) (600550.SH) reported a net profit of 5.9 million yuan in the first quarter of 2023, down 58.9% year-on-year.

Meanwhile, the company posted 582.8 million yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 84.5%.