Wuxi Longsheng Technology Co.,Ltd.’s Net Profit Rose 42.7% in First Quarter of 2023

Wuxi Longsheng Technology Co.,Ltd. (无锡隆盛科技股份有限公司) (300680.SZ) reported a net profit of 41.1 million yuan in the first quarter of 2023, up 42.7% year-on-year.

Meanwhile, the company posted 339.3 million yuan in revenue, up 18.6% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.6%.