Sinoma Energy Conservation Co.,Ltd.’s Net Profit Rose 5.2% in First Quarter of 2023

Sinoma Energy Conservation Co.,Ltd. (中材节能股份有限公司) (603126.SH) reported a net profit of 50.9 million yuan in the first quarter of 2023, up 5.2% year-on-year.

Meanwhile, the company posted 603.2 million yuan in revenue, up 3.5% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49.8%.