Hollyland(China) Electronics Technology Corp.,Ltd.’s Net Profit Dropped 22.7% in First Quarter of 2023

Hollyland(China) Electronics Technology Corp.,Ltd. (好利来(中国)电子科技股份有限公司) (002729.SZ) reported a net profit of 5.4 million yuan in the first quarter of 2023, down 22.7% year-on-year.

Meanwhile, the company posted 60.9 million yuan in revenue, down 4.4% year-on-year.

At the end of the reporting period, it had 634.5 million yuan in total assets and 158.3 million yuan in total liabilities, with a liability-to-asset ratio of 25%.