Kingfa Sci.&Tech.Co.,Ltd.’s Net Profit Dropped 30.5% in First Quarter of 2023

Kingfa Sci.&Tech.Co.,Ltd. (金发科技股份有限公司) (600143.SH) reported a net profit of 292.8 million yuan in the first quarter of 2023, down 30.5% year-on-year.

Meanwhile, the company posted 9.7 billion yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 57.2 billion yuan in total assets and 38.6 billion yuan in total liabilities, with a liability-to-asset ratio of 67.5%.