Goodwe Technologies Co.,Ltd.’s Net Profit Rose 4465.3% in First Quarter of 2023

Goodwe Technologies Co.,Ltd. (固德威技术股份有限公司) (688390.SH) reported a net profit of 331.5 million yuan in the first quarter of 2023, up 4465.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 164.6% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 58.6%.