Thinker Agricultural Machinery Co.,Ltd. Posted 191,760 Yuan Net Profit in First Quarter of 2023

Thinker Agricultural Machinery Co.,Ltd. (星光农机股份有限公司) (603789.SH) reported a net profit of 191,760 yuan in the first quarter of 2023, reversing a net loss of 7.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 52.9 million yuan in revenue, down 20.2% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 566.6 million yuan in total liabilities, with a liability-to-asset ratio of 52.3%.