Ningbo Orient Wires&Cables Co.,Ltd.’s Net Profit Dropped 8.1% in First Quarter of 2023

Ningbo Orient Wires&Cables Co.,Ltd. (宁波东方电缆股份有限公司) (603606.SH) reported a net profit of 255.8 million yuan in the first quarter of 2023, down 8.1% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 20.8% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 41.7%.