Avic Heavy Machinery Co.,Ltd.’s Net Profit Rose 26.8% in First Quarter of 2023

Avic Heavy Machinery Co.,Ltd. (中航重机股份有限公司) (600765.SH) reported a net profit of 286.6 million yuan in the first quarter of 2023, up 26.8% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, up 13.3% year-on-year.

At the end of the reporting period, it had 22.2 billion yuan in total assets and 11.1 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.