Tunghsu Azure Renewable Energy Co.,Ltd. Posted 16.1 Million Yuan Net Profit in First Quarter of 2023

Tunghsu Azure Renewable Energy Co.,Ltd. (东旭蓝天新能源股份有限公司) (000040.SZ) reported a net profit of 16.1 million yuan in the first quarter of 2023, reversing a net loss of 57.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 583.6 million yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 25.2 billion yuan in total assets and 13.9 billion yuan in total liabilities, with a liability-to-asset ratio of 55.2%.