Zhejiang Yinlun Machinery Co.,Ltd.’s Net Profit Rose 61.2% in First Quarter of 2023

Zhejiang Yinlun Machinery Co.,Ltd. (浙江银轮机械股份有限公司) (002126.SZ) reported a net profit of 140.1 million yuan in the first quarter of 2023, up 61.2% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 24.3% year-on-year.

At the end of the reporting period, it had 14.4 billion yuan in total assets and 9 billion yuan in total liabilities, with a liability-to-asset ratio of 62.6%.