Linzhou Heavy Machinery Group.,Ltd.’s Net Profit Rose 1551% in First Quarter of 2023

Linzhou Heavy Machinery Group.,Ltd. (林州重机集团股份有限公司) (002535.SZ) reported a net profit of 26.1 million yuan in the first quarter of 2023, up 1551% year-on-year.

Meanwhile, the company posted 336 million yuan in revenue, up 63.3% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 89.4%.