Guangdong Topstar Technology Co.,Ltd.’s Net Profit Dropped 78.8% in First Quarter of 2023

Guangdong Topstar Technology Co.,Ltd. (广东拓斯达科技股份有限公司) (300607.SZ) reported a net profit of 11.5 million yuan in the first quarter of 2023, down 78.8% year-on-year.

Meanwhile, the company posted 799.1 million yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 6.7 billion yuan in total assets and 4.3 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.