Union Optech Co.,Ltd. Posted 8.6 Million Yuan Net Profit in First Quarter of 2023

Union Optech Co.,Ltd. (中山联合光电科技股份有限公司) (300691.SZ) reported a net profit of 8.6 million yuan in the first quarter of 2023, reversing a net loss of 13.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 329.8 million yuan in revenue, up 20% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 897.6 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.