Jinlong Machinery&Electronic Co.,Ltd.’s Net Profit Rose 182% in First Quarter of 2023

Jinlong Machinery&Electronic Co.,Ltd. (金龙机电股份有限公司) (300032.SZ) reported a net profit of 23.5 million yuan in the first quarter of 2023, up 182% year-on-year.

Meanwhile, the company posted 870.7 million yuan in revenue, up 43.8% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.