Meig Smart Technology Co.,Ltd.’s Net Profit Dropped 26.3% in First Quarter of 2023

Meig Smart Technology Co.,Ltd. (美格智能技术股份有限公司) (002881.SZ) reported a net profit of 18 million yuan in the first quarter of 2023, down 26.3% year-on-year.

Meanwhile, the company posted 443.1 million yuan in revenue, up 10.6% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 41.6%.