Zhenjiang Dongfang Electric Heating Technology Co.,Ltd.’s Net Profit Rose 18.4% in First Quarter of 2023

Zhenjiang Dongfang Electric Heating Technology Co.,Ltd. (镇江东方电热科技股份有限公司) (300217.SZ) reported a net profit of 67.8 million yuan in the first quarter of 2023, up 18.4% year-on-year.

Meanwhile, the company posted 906.8 million yuan in revenue, up 21.6% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.