Beijing Electronic Zone High-Tech Group Co.,Ltd. Posted 174.7 Million Yuan Net Profit in First Quarter of 2023

Beijing Electronic Zone High-Tech Group Co.,Ltd. (北京电子城高科技集团股份有限公司) (600658.SH) reported a net profit of 174.7 million yuan in the first quarter of 2023, reversing a net loss of 84 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 553.4% year-on-year.

At the end of the reporting period, it had 19.3 billion yuan in total assets and 11.3 billion yuan in total liabilities, with a liability-to-asset ratio of 58.2%.