New Huadu Technology Co.,Ltd.’s Net Profit Rose 47.1% in First Quarter of 2023

New Huadu Technology Co.,Ltd. (新华都科技股份有限公司) (002264.SZ) reported a net profit of 63.7 million yuan in the first quarter of 2023, up 47.1% year-on-year.

Meanwhile, the company posted 677.4 million yuan in revenue, down 47.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 39%.