Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd.’s Net Profit Rose 435.9% in First Quarter of 2023

Wuxi Hongsheng Heat Exchanger Manufacturing Co.,Ltd. (无锡宏盛换热器制造股份有限公司) (603090.SH) reported a net profit of 15.9 million yuan in the first quarter of 2023, up 435.9% year-on-year.

Meanwhile, the company posted 152.2 million yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 847 million yuan in total assets and 282 million yuan in total liabilities, with a liability-to-asset ratio of 33.3%.