Hangzhou Youngsun Intelligent Equipment Co.,Ltd.’s Net Profit Rose 35% in First Quarter of 2023

Hangzhou Youngsun Intelligent Equipment Co.,Ltd. (杭州永创智能设备股份有限公司) (603901.SH) reported a net profit of 74.6 million yuan in the first quarter of 2023, up 35% year-on-year.

Meanwhile, the company posted 747.9 million yuan in revenue, up 17.3% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 58.7%.