Jcet Group Co.,Ltd.’s Net Profit Dropped 87.2% in First Quarter of 2023

Jcet Group Co.,Ltd. (江苏长电科技股份有限公司) (600584.SH) reported a net profit of 109.9 million yuan in the first quarter of 2023, down 87.2% year-on-year.

Meanwhile, the company posted 5.9 billion yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 37.2 billion yuan in total assets and 12.5 billion yuan in total liabilities, with a liability-to-asset ratio of 33.7%.