Shanghai Liangxin Electrical Co.,Ltd.’s Net Profit Rose 17.8% in First Quarter of 2023

Shanghai Liangxin Electrical Co.,Ltd. (上海良信电器股份有限公司) (002706.SZ) reported a net profit of 85.1 million yuan in the first quarter of 2023, up 17.8% year-on-year.

Meanwhile, the company posted 932 million yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 33%.