Guangdong Saca Precision Manufacturing Co.,Ltd. Posted 5.6 Million Yuan Net Profit in First Quarter of 2023

Guangdong Saca Precision Manufacturing Co.,Ltd. (广东星徽精密制造股份有限公司) (300464.SZ) reported a net profit of 5.6 million yuan in the first quarter of 2023, reversing a net loss of 26.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 466.7 million yuan in revenue, down 20.7% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 90.8%.