China Marine Information Electronics Company Limited’s Net Profit Rose 0.9% in First Quarter of 2023

China Marine Information Electronics Company Limited (中国船舶重工集团海洋防务与信息对抗股份有限公司) (600764.SH) reported a net profit of 15.5 million yuan in the first quarter of 2023, up 0.9% year-on-year.

Meanwhile, the company posted 436.8 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 25.9%.