Far East Smarter Energy Co.,Ltd.’s Net Profit Rose 39% in First Quarter of 2023

Far East Smarter Energy Co.,Ltd. (远东智慧能源股份有限公司) (600869.SH) reported a net profit of 130.8 million yuan in the first quarter of 2023, up 39% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, up 2.8% year-on-year.

At the end of the reporting period, it had 19.9 billion yuan in total assets and 15.4 billion yuan in total liabilities, with a liability-to-asset ratio of 77.1%.