Guangzhou Wahlap Technology Corporation Limited’s Net Profit Rose 265.2% in First Quarter of 2023

Guangzhou Wahlap Technology Corporation Limited (广州华立科技股份有限公司) (301011.SZ) reported a net profit of 5.7 million yuan in the first quarter of 2023, up 265.2% year-on-year.

Meanwhile, the company posted 156.4 million yuan in revenue, up 21.9% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 499.6 million yuan in total liabilities, with a liability-to-asset ratio of 43.8%.