Jiangsu Shemar Electric Co.,Ltd.’s Net Profit Rose 1725.9% in First Quarter of 2023

Jiangsu Shemar Electric Co.,Ltd. (江苏神马电力股份有限公司) (603530.SH) reported a net profit of 14.8 million yuan in the first quarter of 2023, up 1725.9% year-on-year.

Meanwhile, the company posted 194.4 million yuan in revenue, up 20.6% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 335.1 million yuan in total liabilities, with a liability-to-asset ratio of 17.3%.