Guangzhou Zhiguang Electric Co.,Ltd. Posted 101.3 Million Yuan Net Profit in First Quarter of 2023

Guangzhou Zhiguang Electric Co.,Ltd. (广州智光电气股份有限公司) (002169.SZ) reported a net profit of 101.3 million yuan in the first quarter of 2023, reversing a net loss of 216.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 440.6 million yuan in revenue, up 13.5% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 47%.