China Avionics Systems Co.,Ltd.’s Net Profit Rose 5.3% in First Quarter of 2023

China Avionics Systems Co.,Ltd. (中航航空电子系统股份有限公司) (600372.SH) reported a net profit of 219.1 million yuan in the first quarter of 2023, up 5.3% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 5.2% year-on-year.

At the end of the reporting period, it had 28.6 billion yuan in total assets and 15.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54.9%.