Jiangsu Guomao Reducer Co.,Ltd.’s Net Profit Rose 24% in First Quarter of 2023

Jiangsu Guomao Reducer Co.,Ltd. (江苏国茂减速机股份有限公司) (603915.SH) reported a net profit of 79.8 million yuan in the first quarter of 2023, up 24% year-on-year.

Meanwhile, the company posted 625.7 million yuan in revenue, up 2.6% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 27.6%.