Ningbo Techmation Co.,Ltd.’s Net Profit Dropped 42.6% in First Quarter of 2023

Ningbo Techmation Co.,Ltd. (宁波弘讯科技股份有限公司) (603015.SH) reported a net profit of 7.5 million yuan in the first quarter of 2023, down 42.6% year-on-year.

Meanwhile, the company posted 159.9 million yuan in revenue, down 23.6% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 742.9 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.