Zhejiang Chint Electrics Co.,Ltd.’s Net Profit Rose 132.9% in First Quarter of 2023

Zhejiang Chint Electrics Co.,Ltd. (浙江正泰电器股份有限公司) (601877.SH) reported a net profit of 1.6 billion yuan in the first quarter of 2023, up 132.9% year-on-year.

Meanwhile, the company posted 15.7 billion yuan in revenue, up 47.4% year-on-year.

At the end of the reporting period, it had 99.8 billion yuan in total assets and 56.7 billion yuan in total liabilities, with a liability-to-asset ratio of 56.8%.