Chengdu Tangyuan Electric Co.,Ltd.’s Net Profit Rose 37.5% in First Quarter of 2023

Chengdu Tangyuan Electric Co.,Ltd. (成都唐源电气股份有限公司) (300789.SZ) reported a net profit of 5.8 million yuan in the first quarter of 2023, up 37.5% year-on-year.

Meanwhile, the company posted 70.8 million yuan in revenue, up 28% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 390.4 million yuan in total liabilities, with a liability-to-asset ratio of 30.1%.