Wuhu Token Sciences Co.,Ltd.’s Net Profit Dropped 42.3% in First Quarter of 2023

Wuhu Token Sciences Co.,Ltd. (芜湖长信科技股份有限公司) (300088.SZ) reported a net profit of 108.8 million yuan in the first quarter of 2023, down 42.3% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 14.3% year-on-year.

At the end of the reporting period, it had 13 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 31.7%.