Jiangsu Zhongtian Technology Co.,Ltd.’s Net Profit Dropped 25.1% in First Quarter of 2023

Jiangsu Zhongtian Technology Co.,Ltd. (江苏中天科技股份有限公司) (600522.SH) reported a net profit of 794.3 million yuan in the first quarter of 2023, down 25.1% year-on-year.

Meanwhile, the company posted 8.3 billion yuan in revenue, down 10.9% year-on-year.

At the end of the reporting period, it had 49.6 billion yuan in total assets and 17.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34.5%.