Sinoma Science&Technology Co.,Ltd.’s Net Profit Dropped 33.2% in First Quarter of 2023

Sinoma Science&Technology Co.,Ltd. (中材科技股份有限公司) (002080.SZ) reported a net profit of 519.5 million yuan in the first quarter of 2023, down 33.2% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 8.7% year-on-year.

At the end of the reporting period, it had 46.8 billion yuan in total assets and 23.7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.