Guangdong Guanhao High-Tech Co.,Ltd.’s Net Profit Dropped 95.1% in First Quarter of 2023

Guangdong Guanhao High-Tech Co.,Ltd. (广东冠豪高新技术股份有限公司) (600433.SH) reported a net profit of 3.5 million yuan in the first quarter of 2023, down 95.1% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 5.4% year-on-year.

At the end of the reporting period, it had 10.1 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 28.9%.