Bear Electric Appliance Co.,Ltd.’s Net Profit Rose 58.4% in First Quarter of 2023

Bear Electric Appliance Co.,Ltd. (小熊电器股份有限公司) (002959.SZ) reported a net profit of 164.9 million yuan in the first quarter of 2023, up 58.4% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 28.1% year-on-year.

At the end of the reporting period, it had 4.9 billion yuan in total assets and 2.4 billion yuan in total liabilities, with a liability-to-asset ratio of 48.5%.