Wuxi Hodgen Technology Co.,Ltd. Posted 9.5 Million Yuan Net Profit in First Quarter of 2023

Wuxi Hodgen Technology Co.,Ltd. (无锡和晶科技股份有限公司) (300279.SZ) reported a net profit of 9.5 million yuan in the first quarter of 2023, reversing a net loss of 37.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 402.8 million yuan in revenue, down 19.3% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 64%.