Jiangyin Hengrun Heavy Industries Co.,Ltd.’s Net Profit Rose 131.6% in First Quarter of 2023

Jiangyin Hengrun Heavy Industries Co.,Ltd. (江阴市恒润重工股份有限公司) (603985.SH) reported a net profit of 29.3 million yuan in the first quarter of 2023, up 131.6% year-on-year.

Meanwhile, the company posted 432.8 million yuan in revenue, up 16.4% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 898.8 million yuan in total liabilities, with a liability-to-asset ratio of 20.8%.