Dongguan Golden Sun Abrasives Co.,Ltd.’s Net Profit Dropped 93.6% in First Quarter of 2023

Dongguan Golden Sun Abrasives Co.,Ltd. (东莞金太阳研磨股份有限公司) (300606.SZ) reported a net profit of 516,696 yuan in the first quarter of 2023, down 93.6% year-on-year.

Meanwhile, the company posted 64.6 million yuan in revenue, down 34.9% year-on-year.

At the end of the reporting period, it had 819.3 million yuan in total assets and 214.2 million yuan in total liabilities, with a liability-to-asset ratio of 26.1%.