Shenzhen Inovance Technology Co.,Ltd.’s Net Profit Rose 4.5% in First Quarter of 2023

Shenzhen Inovance Technology Co.,Ltd. (深圳市汇川技术股份有限公司) (300124.SZ) reported a net profit of 752.3 million yuan in the first quarter of 2023, up 4.5% year-on-year.

Meanwhile, the company posted 4.8 billion yuan in revenue, up 0.1% year-on-year.

At the end of the reporting period, it had 40.1 billion yuan in total assets and 18.8 billion yuan in total liabilities, with a liability-to-asset ratio of 46.9%.