Zhuzhou Crrc Times Electric Co.,Ltd.’s Net Profit Rose 30.5% in First Quarter of 2023

Zhuzhou Crrc Times Electric Co.,Ltd. (株洲中车时代电气股份有限公司) (688187.SH) reported a net profit of 447.4 million yuan in the first quarter of 2023, up 30.5% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 21.3% year-on-year.

At the end of the reporting period, it had 49.1 billion yuan in total assets and 13.4 billion yuan in total liabilities, with a liability-to-asset ratio of 27.2%.