Lanzhou Ls Heavy Equipment Co.,Ltd.’s Net Profit Rose 33.1% in First Quarter of 2023

Lanzhou Ls Heavy Equipment Co.,Ltd. (兰州兰石重型装备股份有限公司) (603169.SH) reported a net profit of 36.9 million yuan in the first quarter of 2023, up 33.1% year-on-year.

Meanwhile, the company posted 935.9 million yuan in revenue, up 3.2% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 73.4%.