Jiangsu Tongda Power Technology Co.,Ltd.’s Net Profit Rose 161.5% in First Quarter of 2023

Jiangsu Tongda Power Technology Co.,Ltd. (江苏通达动力科技股份有限公司) (002576.SZ) reported a net profit of 25.4 million yuan in the first quarter of 2023, up 161.5% year-on-year.

Meanwhile, the company posted 501.2 million yuan in revenue, up 12.2% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 658.6 million yuan in total liabilities, with a liability-to-asset ratio of 36.8%.