Sichuan Changhong Electric Co.,Ltd.’s Net Profit Rose 108.1% in First Quarter of 2023

Sichuan Changhong Electric Co.,Ltd. (四川长虹电器股份有限公司) (600839.SH) reported a net profit of 268.9 million yuan in the first quarter of 2023, up 108.1% year-on-year.

Meanwhile, the company posted 22.9 billion yuan in revenue, up 14.2% year-on-year.

At the end of the reporting period, it had 86.7 billion yuan in total assets and 63.7 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.