Guangzhou Great Power Energy&Technology Co.,Ltd.’s Net Profit Rose 124.1% in First Quarter of 2023

Guangzhou Great Power Energy&Technology Co.,Ltd. (广州鹏辉能源科技股份有限公司) (300438.SZ) reported a net profit of 212.4 million yuan in the first quarter of 2023, up 124.1% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 50.1% year-on-year.

At the end of the reporting period, it had 13.3 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.8%.