Jiangsu Hengli Hydraulic Co.,Ltd.’s Net Profit Rose 18.4% in First Quarter of 2023

Jiangsu Hengli Hydraulic Co.,Ltd. (江苏恒立液压股份有限公司) (601100.SH) reported a net profit of 626.5 million yuan in the first quarter of 2023, up 18.4% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 16.9 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 21.4%.