Shenzhen Soling Industrial Co.,Ltd. Posted 404,095 Yuan Net Profit in First Quarter of 2023

Shenzhen Soling Industrial Co.,Ltd. (深圳市索菱实业股份有限公司) (002766.SZ) reported a net profit of 404,095 yuan in the first quarter of 2023, reversing a net loss of 4 million yuan for the same period in the previous year.

Meanwhile, the company posted 211.3 million yuan in revenue, up 11.9% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 372.8 million yuan in total liabilities, with a liability-to-asset ratio of 35.9%.