Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. Posted 629,074 Yuan Net Profit in First Quarter of 2023

Jiangsu Beiren Smart Manufacturing Technology Co.,Ltd. (江苏北人智能制造科技股份有限公司) (688218.SH) reported a net profit of 629,074 yuan in the first quarter of 2023, reversing a net loss of 5.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 112.2 million yuan in revenue, up 117.6% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 750.1 million yuan in total liabilities, with a liability-to-asset ratio of 46.2%.