Weihaishi Honglin Electronic Co.,Ltd.’s Net Profit Rose 31.3% in First Quarter of 2023

Weihaishi Honglin Electronic Co.,Ltd. (威海市泓淋电力技术股份有限公司) (301439.SZ) reported a net profit of 40.9 million yuan in the first quarter of 2023, up 31.3% year-on-year.

Meanwhile, the company posted 611.1 million yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 3.4 billion yuan in total assets and 679.4 million yuan in total liabilities, with a liability-to-asset ratio of 20.1%.