Zhongshan Broad-Ocean Motor Co.,Ltd.’s Net Profit Rose 16.2% in First Quarter of 2023

Zhongshan Broad-Ocean Motor Co.,Ltd. (中山大洋电机股份有限公司) (002249.SZ) reported a net profit of 176.3 million yuan in the first quarter of 2023, up 16.2% year-on-year.

Meanwhile, the company posted 2.7 billion yuan in revenue, up 0.6% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 6.7 billion yuan in total liabilities, with a liability-to-asset ratio of 43.8%.