Kingclean Electric Co.,Ltd.’s Net Profit Dropped 12.1% in First Quarter of 2023

Kingclean Electric Co.,Ltd. (莱克电气股份有限公司) (603355.SH) reported a net profit of 185.8 million yuan in the first quarter of 2023, down 12.1% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 10.8 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.