Beijing Sojo Electric Co.,Ltd. Posted 78.8 Million Yuan Net Profit in First Quarter of 2023

Beijing Sojo Electric Co.,Ltd. (北京双杰电气股份有限公司) (300444.SZ) reported a net profit of 78.8 million yuan in the first quarter of 2023, reversing a net loss of 11.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 755.5 million yuan in revenue, up 109.1% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.