Gree Electric Appliances,Inc.Of Zhuhai’s Net Profit Rose 8.9% in First Quarter of 2023

Gree Electric Appliances,Inc.Of Zhuhai (珠海格力电器股份有限公司) (000651.SZ) reported a net profit of 3.9 billion yuan in the first quarter of 2023, up 8.9% year-on-year.

Meanwhile, the company posted 35.5 billion yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 384.6 billion yuan in total assets and 277.8 billion yuan in total liabilities, with a liability-to-asset ratio of 72.2%.