Ningbo Lehui International Engineering Equipment Co.,Ltd.’s Net Profit Dropped 69.9% in First Quarter of 2023

Ningbo Lehui International Engineering Equipment Co.,Ltd. (宁波乐惠国际工程装备股份有限公司) (603076.SH) reported a net profit of 5.6 million yuan in the first quarter of 2023, down 69.9% year-on-year.

Meanwhile, the company posted 320.4 million yuan in revenue, up 10.4% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 62.2%.