Guangdong Baolihua New Energy Stock Co.,Ltd.’s Net Profit Rose 585.5% in First Quarter of 2023

Guangdong Baolihua New Energy Stock Co.,Ltd. (广东宝丽华新能源股份有限公司) (000690.SZ) reported a net profit of 25.7 million yuan in the first quarter of 2023, up 585.5% year-on-year.

Meanwhile, the company posted 2.2 billion yuan in revenue, down 2.2% year-on-year.

At the end of the reporting period, it had 20.5 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.