Universal Scientific Industrial(Shanghai) Co.,Ltd.’s Net Profit Dropped 36.8% in First Quarter of 2023

Universal Scientific Industrial(Shanghai) Co.,Ltd. (环旭电子股份有限公司) (601231.SH) reported a net profit of 277.5 million yuan in the first quarter of 2023, down 36.8% year-on-year.

Meanwhile, the company posted 13 billion yuan in revenue, down 6.8% year-on-year.

At the end of the reporting period, it had 36.9 billion yuan in total assets and 20.9 billion yuan in total liabilities, with a liability-to-asset ratio of 56.6%.