Zhejiang Narada Power Source Co.,Ltd.’s Net Profit Dropped 77.5% in First Quarter of 2023

Zhejiang Narada Power Source Co.,Ltd. (浙江南都电源动力股份有限公司) (300068.SZ) reported a net profit of 104.9 million yuan in the first quarter of 2023, down 77.5% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 44.8% year-on-year.

At the end of the reporting period, it had 17 billion yuan in total assets and 11.9 billion yuan in total liabilities, with a liability-to-asset ratio of 69.6%.