Yuan Cheng Cable Co.,Ltd.’s Net Profit Dropped 65.7% in First Quarter of 2023

Yuan Cheng Cable Co.,Ltd. (远程电缆股份有限公司) (002692.SZ) reported a net profit of 5.5 million yuan in the first quarter of 2023, down 65.7% year-on-year.

Meanwhile, the company posted 581.6 million yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 58.4%.