Jiangsu Changling Hydraulic Co.,Ltd.’s Net Profit Dropped 37.3% in First Quarter of 2023

Jiangsu Changling Hydraulic Co.,Ltd. (江苏长龄液压股份有限公司) (605389.SH) reported a net profit of 26.4 million yuan in the first quarter of 2023, down 37.3% year-on-year.

Meanwhile, the company posted 203.9 million yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 206.2 million yuan in total liabilities, with a liability-to-asset ratio of 9.9%.