Hangzhou Radical Energy Saving Technology Co.,Ltd.’s Net Profit Dropped 19.8% in First Quarter of 2023

Hangzhou Radical Energy Saving Technology Co.,Ltd. (杭州雷迪克节能科技股份有限公司) (300652.SZ) reported a net profit of 16.8 million yuan in the first quarter of 2023, down 19.8% year-on-year.

Meanwhile, the company posted 128 million yuan in revenue, down 15% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 272.1 million yuan in total liabilities, with a liability-to-asset ratio of 17.7%.