Shenzhen Changhong Technology Co.,Ltd.’s Net Profit Dropped 38.4% in First Quarter of 2023

Shenzhen Changhong Technology Co.,Ltd. (深圳市昌红科技股份有限公司) (300151.SZ) reported a net profit of 29.2 million yuan in the first quarter of 2023, down 38.4% year-on-year.

Meanwhile, the company posted 285 million yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 846 million yuan in total liabilities, with a liability-to-asset ratio of 38%.