Greatoo Intelligent Equipment Inc.’s Net Profit Rose 62.3% in First Quarter of 2023

Greatoo Intelligent Equipment Inc. (巨轮智能装备股份有限公司) (002031.SZ) reported a net profit of 5.6 million yuan in the first quarter of 2023, up 62.3% year-on-year.

Meanwhile, the company posted 205.7 million yuan in revenue, down 25.6% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 41.6%.