Guangzhou Baiyun Electric Equipment Co.,Ltd. Posted 33.3 Million Yuan Net Profit in First Quarter of 2023

Guangzhou Baiyun Electric Equipment Co.,Ltd. (广州白云电器设备股份有限公司) (603861.SH) reported a net profit of 33.3 million yuan in the first quarter of 2023, reversing a net loss of 59.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 776 million yuan in revenue, up 84.4% year-on-year.

At the end of the reporting period, it had 8.4 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63.9%.