Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. Posted 19.1 Million Yuan Net Profit in First Quarter of 2023

Foshan Golden Milky Way Intelligent Equipment Co.,Ltd. (佛山市金银河智能装备股份有限公司) (300619.SZ) reported a net profit of 19.1 million yuan in the first quarter of 2023, reversing a net loss of 9.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 475.8 million yuan in revenue, up 76.4% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.3%.