Guangdong Lvtong New Energy Electric Vehicle Technology Co.,Ltd.’s Net Profit Rose 32.1% in First Quarter of 2023

Guangdong Lvtong New Energy Electric Vehicle Technology Co.,Ltd. (广东绿通新能源电动车科技股份有限公司) (301322.SZ) reported a net profit of 60.2 million yuan in the first quarter of 2023, up 32.1% year-on-year.

Meanwhile, the company posted 270.8 million yuan in revenue, down 12.6% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 208.4 million yuan in total liabilities, with a liability-to-asset ratio of 6.8%.