Taier Heavy Industry Co.,Ltd. Posted 2 Million Yuan Net Profit in First Quarter of 2023

Taier Heavy Industry Co.,Ltd. (泰尔重工股份有限公司) (002347.SZ) reported a net profit of 2 million yuan in the first quarter of 2023, reversing a net loss of 595,570 yuan for the same period in the previous year.

Meanwhile, the company posted 280.2 million yuan in revenue, up 34.9% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.