Dalian Insulator Group Co.,Ltd.’s Net Profit Dropped 65.4% in First Quarter of 2023

Dalian Insulator Group Co.,Ltd. (大连电瓷集团股份有限公司) (002606.SZ) reported a net profit of 20.1 million yuan in the first quarter of 2023, down 65.4% year-on-year.

Meanwhile, the company posted 170.4 million yuan in revenue, down 40% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 548.5 million yuan in total liabilities, with a liability-to-asset ratio of 26.2%.