Tianjin Benefo Tejing Electric Co.,Ltd.’s Net Profit Rose 2% in First Quarter of 2023

Tianjin Benefo Tejing Electric Co.,Ltd. (天津百利特精电气股份有限公司) (600468.SH) reported a net profit of 31.6 million yuan in the first quarter of 2023, up 2% year-on-year.

Meanwhile, the company posted 500.2 million yuan in revenue, down 3.5% year-on-year.

At the end of the reporting period, it had 3.8 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 42.8%.