Jiangsu Tongrun Equipment Technology Co.,Ltd.’s Net Profit Dropped 46.8% in First Quarter of 2023

Jiangsu Tongrun Equipment Technology Co.,Ltd. (江苏通润装备科技股份有限公司) (002150.SZ) reported a net profit of 18.5 million yuan in the first quarter of 2023, down 46.8% year-on-year.

Meanwhile, the company posted 317.9 million yuan in revenue, down 25.7% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 316.7 million yuan in total liabilities, with a liability-to-asset ratio of 15.2%.