Sungrow Power Supply Co.,Ltd.’s Net Profit Rose 262% in First Quarter of 2023

Sungrow Power Supply Co.,Ltd. (阳光电源股份有限公司) (300274.SZ) reported a net profit of 1.5 billion yuan in the first quarter of 2023, up 262% year-on-year.

Meanwhile, the company posted 12.6 billion yuan in revenue, up 175.4% year-on-year.

At the end of the reporting period, it had 64.2 billion yuan in total assets and 42.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.9%.