Sino Wealth Electronic Co.,Ltd.’s Net Profit Dropped 77.4% in First Quarter of 2023

Sino Wealth Electronic Co.,Ltd. (中颖电子股份有限公司) (300327.SZ) reported a net profit of 28.4 million yuan in the first quarter of 2023, down 77.4% year-on-year.

Meanwhile, the company posted 289 million yuan in revenue, down 37.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 512.5 million yuan in total liabilities, with a liability-to-asset ratio of 25.1%.