Qingdao Hanhe Cable Co.,Ltd.’s Net Profit Rose 29.7% in First Quarter of 2023

Qingdao Hanhe Cable Co.,Ltd. (青岛汉缆股份有限公司) (002498.SZ) reported a net profit of 172.6 million yuan in the first quarter of 2023, up 29.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 8.6% year-on-year.

At the end of the reporting period, it had 9.9 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 25.4%.