Qianjiang Water Resources Development Co.,Ltd.’s Net Profit Rose 55.4% in First Quarter of 2023

Qianjiang Water Resources Development Co.,Ltd. (钱江水利开发股份有限公司) (600283.SH) reported a net profit of 73 million yuan in the first quarter of 2023, up 55.4% year-on-year.

Meanwhile, the company posted 402.8 million yuan in revenue, up 8.4% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 58.2%.