Shanghai Hanbell Precise Machinery Co.,Ltd.’s Net Profit Rose 27.8% in First Quarter of 2023

Shanghai Hanbell Precise Machinery Co.,Ltd. (上海汉钟精机股份有限公司) (002158.SZ) reported a net profit of 117 million yuan in the first quarter of 2023, up 27.8% year-on-year.

Meanwhile, the company posted 690 million yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.