Shuangliang Eco-Energy Systems Co.,Ltd.’s Net Profit Rose 295.2% in First Quarter of 2023

Shuangliang Eco-Energy Systems Co.,Ltd. (双良节能系统股份有限公司) (600481.SH) reported a net profit of 536.3 million yuan in the first quarter of 2023, up 295.2% year-on-year.

Meanwhile, the company posted 5.5 billion yuan in revenue, up 215% year-on-year.

At the end of the reporting period, it had 24.7 billion yuan in total assets and 17.2 billion yuan in total liabilities, with a liability-to-asset ratio of 69.8%.