Guoguang Electric Company Limited’s Net Profit Rose 14.5% in First Quarter of 2023

Guoguang Electric Company Limited (国光电器股份有限公司) (002045.SZ) reported a net profit of 7.2 million yuan in the first quarter of 2023, up 14.5% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 3.1% year-on-year.

At the end of the reporting period, it had 4.5 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 53.8%.