Tbea Co.,Ltd.’s Net Profit Rose 52.3% in First Quarter of 2023

Tbea Co.,Ltd. (特变电工股份有限公司) (600089.SH) reported a net profit of 6.8 billion yuan in the first quarter of 2023, up 52.3% year-on-year.

Meanwhile, the company posted 26.3 billion yuan in revenue, up 37% year-on-year.

At the end of the reporting period, it had 180 billion yuan in total assets and 93.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.