Shanghai Zhixin Electric Co.,Ltd.’s Net Profit Rose 189.8% in First Quarter of 2023

Shanghai Zhixin Electric Co.,Ltd. (国网英大股份有限公司) (600517.SH) reported a net profit of 609.7 million yuan in the first quarter of 2023, up 189.8% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 4.8% year-on-year.

At the end of the reporting period, it had 45.6 billion yuan in total assets and 22.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.2%.