Sino Geophysical Co.,Ltd.’s Net Profit Dropped 78.8% in First Quarter of 2023

Sino Geophysical Co.,Ltd. (潜能恒信能源技术股份有限公司) (300191.SZ) reported a net profit of 2.1 million yuan in the first quarter of 2023, down 78.8% year-on-year.

Meanwhile, the company posted 109.5 million yuan in revenue, up 3% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 703.9 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.