Daheng New Epoch Technology Inc. Posted 9.9 Million Yuan Net Profit in First Quarter of 2023

Daheng New Epoch Technology Inc. (大恒新纪元科技股份有限公司) (600288.SH) reported a net profit of 9.9 million yuan in the first quarter of 2023, reversing a net loss of 14.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 497.8 million yuan in revenue, down 0.9% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.