Hangzhou Innover Technology Co.,Ltd. Posted 2.7 Million Yuan Net Profit in First Quarter of 2023

Hangzhou Innover Technology Co.,Ltd. (杭州先锋电子技术股份有限公司) (002767.SZ) reported a net profit of 2.7 million yuan in the first quarter of 2023, reversing a net loss of 587,003 yuan for the same period in the previous year.

Meanwhile, the company posted 82.6 million yuan in revenue, up 11.1% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 241.6 million yuan in total liabilities, with a liability-to-asset ratio of 22.9%.