Est Tools Co.,Ltd.’s Net Profit Dropped 33.1% in First Quarter of 2023

Est Tools Co.,Ltd. (恒锋工具股份有限公司) (300488.SZ) reported a net profit of 19.6 million yuan in the first quarter of 2023, down 33.1% year-on-year.

Meanwhile, the company posted 106.2 million yuan in revenue, down 9% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 219.5 million yuan in total liabilities, with a liability-to-asset ratio of 14.5%.