Henan Qing Shui Yuan Technology Co.,Ltd.’s Net Profit Dropped 90.1% in First Quarter of 2023

Henan Qing Shui Yuan Technology Co.,Ltd. (河南清水源科技股份有限公司) (300437.SZ) reported a net profit of 7.5 million yuan in the first quarter of 2023, down 90.1% year-on-year.

Meanwhile, the company posted 268.8 million yuan in revenue, down 49.3% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.6%.