Sunward Intelligent Equipment Co.,Ltd. Posted 31.4 Million Yuan Net Profit in First Quarter of 2023

Sunward Intelligent Equipment Co.,Ltd. (山河智能装备股份有限公司) (002097.SZ) reported a net profit of 31.4 million yuan in the first quarter of 2023, reversing a net loss of 53 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 7.4% year-on-year.

At the end of the reporting period, it had 21.9 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 78.2%.