Guangxi Liugong Machinery Co.,Ltd.’s Net Profit Rose 21.9% in First Quarter of 2023

Guangxi Liugong Machinery Co.,Ltd. (广西柳工机械股份有限公司) (000528.SZ) reported a net profit of 323.9 million yuan in the first quarter of 2023, up 21.9% year-on-year.

Meanwhile, the company posted 7.8 billion yuan in revenue, up 15.7% year-on-year.

At the end of the reporting period, it had 47.4 billion yuan in total assets and 29.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.