Changzhou Kaidi Electrical Inc.’s Net Profit Rose 137.7% in First Quarter of 2023

Changzhou Kaidi Electrical Inc. (常州市凯迪电器股份有限公司) (605288.SH) reported a net profit of 19.5 million yuan in the first quarter of 2023, up 137.7% year-on-year.

Meanwhile, the company posted 226.6 million yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 472.3 million yuan in total liabilities, with a liability-to-asset ratio of 18.3%.