Suzhou Douson Drilling&Production Equipment Co.,Ltd. Posted 34.4 Million Yuan Net Profit in First Quarter of 2023

Suzhou Douson Drilling&Production Equipment Co.,Ltd. (苏州道森钻采设备股份有限公司) (603800.SH) reported a net profit of 34.4 million yuan in the first quarter of 2023, reversing a net loss of 21.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 389.5 million yuan in revenue, up 33.5% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 69.1%.