China National Electric Apparatus Research Institute Co.,Ltd.’s Net Profit Rose 29.8% in First Quarter of 2023

China National Electric Apparatus Research Institute Co.,Ltd. (中国电器科学研究院股份有限公司) (688128.SH) reported a net profit of 61.1 million yuan in the first quarter of 2023, up 29.8% year-on-year.

Meanwhile, the company posted 855.9 million yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 57.4%.