Tianjin Keyvia Electric Co.,Ltd. Posted 11.1 Million Yuan Net Profit in First Quarter of 2023

Tianjin Keyvia Electric Co.,Ltd. (天津凯发电气股份有限公司) (300407.SZ) reported a net profit of 11.1 million yuan in the first quarter of 2023, reversing a net loss of 27.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 325.1 million yuan in revenue, up 11.5% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.