Hangzhou Zhongheng Electric Co.,Ltd.’s Net Profit Rose 2.9% in First Quarter of 2023

Hangzhou Zhongheng Electric Co.,Ltd. (杭州中恒电气股份有限公司) (002364.SZ) reported a net profit of 5.9 million yuan in the first quarter of 2023, up 2.9% year-on-year.

Meanwhile, the company posted 269 million yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 3.2 billion yuan in total assets and 901.7 million yuan in total liabilities, with a liability-to-asset ratio of 28.5%.