Shenzhen Kingsun Science&Technology Co.,Ltd.’s Net Profit Dropped 10% in First Quarter of 2023

Shenzhen Kingsun Science&Technology Co.,Ltd. (深圳市方直科技股份有限公司) (300235.SZ) reported a net profit of 11.7 million yuan in the first quarter of 2023, down 10% year-on-year.

Meanwhile, the company posted 27.6 million yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 718.9 million yuan in total assets and 24.3 million yuan in total liabilities, with a liability-to-asset ratio of 3.4%.