Longyan Zhuoyue New Energy Co.,Ltd.’s Net Profit Dropped 28.9% in First Quarter of 2023

Longyan Zhuoyue New Energy Co.,Ltd. (龙岩卓越新能源股份有限公司) (688196.SH) reported a net profit of 71.2 million yuan in the first quarter of 2023, down 28.9% year-on-year.

Meanwhile, the company posted 896.2 million yuan in revenue, down 8.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 431.7 million yuan in total liabilities, with a liability-to-asset ratio of 13.1%.