Guangdong Kingstrong Technology Co.,Ltd.’s Net Profit Rose 4.2% in First Quarter of 2023

Guangdong Kingstrong Technology Co.,Ltd. (广东新劲刚科技股份有限公司) (300629.SZ) reported a net profit of 35.9 million yuan in the first quarter of 2023, up 4.2% year-on-year.

Meanwhile, the company posted 117.8 million yuan in revenue, up 21.2% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 197.7 million yuan in total liabilities, with a liability-to-asset ratio of 13.4%.