Dongfang Electric Co.,Ltd.’s Net Profit Rose 10.9% in First Quarter of 2023

Dongfang Electric Co.,Ltd. (东方电气股份有限公司) (600875.SH) reported a net profit of 1.1 billion yuan in the first quarter of 2023, up 10.9% year-on-year.

Meanwhile, the company posted 14.4 billion yuan in revenue, up 4.3% year-on-year.

At the end of the reporting period, it had 118.5 billion yuan in total assets and 78.8 billion yuan in total liabilities, with a liability-to-asset ratio of 66.5%.