Tongyu Heavy Industry Co.,Ltd.’s Net Profit Rose 63.2% in First Quarter of 2023

Tongyu Heavy Industry Co.,Ltd. (通裕重工股份有限公司) (300185.SZ) reported a net profit of 87 million yuan in the first quarter of 2023, up 63.2% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, up 6% year-on-year.

At the end of the reporting period, it had 16.4 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 57%.