Shenzhen Absen Optoelectronic Co.,Ltd.’s Net Profit Rose 306.9% in First Quarter of 2023

Shenzhen Absen Optoelectronic Co.,Ltd. (深圳市艾比森光电股份有限公司) (300389.SZ) reported a net profit of 78.9 million yuan in the first quarter of 2023, up 306.9% year-on-year.

Meanwhile, the company posted 709.3 million yuan in revenue, up 44% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 1.9 billion yuan in total liabilities, with a liability-to-asset ratio of 59.5%.