Innuovo Technology Co.,Ltd.’s Net Profit Dropped 28.7% in First Quarter of 2023

Innuovo Technology Co.,Ltd. (英洛华科技股份有限公司) (000795.SZ) reported a net profit of 37.3 million yuan in the first quarter of 2023, down 28.7% year-on-year.

Meanwhile, the company posted 842.9 million yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 5 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 44.9%.