Yealink Network Technology Corporation Limited’s Net Profit Dropped 13.1% in First Quarter of 2023

Yealink Network Technology Corporation Limited (厦门亿联网络技术股份有限公司) (300628.SZ) reported a net profit of 422.9 million yuan in the first quarter of 2023, down 13.1% year-on-year.

Meanwhile, the company posted 888.6 million yuan in revenue, down 14.7% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 510.1 million yuan in total liabilities, with a liability-to-asset ratio of 5.8%.