Shanghai Huace Navigation Technology Co.,Ltd.’s Net Profit Rose 21.4% in First Quarter of 2023

Shanghai Huace Navigation Technology Co.,Ltd. (上海华测导航技术股份有限公司) (300627.SZ) reported a net profit of 78.6 million yuan in the first quarter of 2023, up 21.4% year-on-year.

Meanwhile, the company posted 511.8 million yuan in revenue, up 21.2% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 32.5%.