Tangshan Jidong Equipment Engineering Co.,Ltd. Posted 574,800 Yuan Net Profit in First Quarter of 2023

Tangshan Jidong Equipment Engineering Co.,Ltd. (唐山冀东装备工程股份有限公司) (000856.SZ) reported a net profit of 574,800 yuan in the first quarter of 2023, reversing a net loss of 628,926 yuan for the same period in the previous year.

Meanwhile, the company posted 739 million yuan in revenue, up 4.6% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 81.4%.