Shanghai Friendess Electronic Technology Corporation Limited’s Net Profit Rose 32.1% in First Quarter of 2023

Shanghai Friendess Electronic Technology Corporation Limited (上海柏楚电子科技股份有限公司) (688188.SH) reported a net profit of 139.1 million yuan in the first quarter of 2023, up 32.1% year-on-year.

Meanwhile, the company posted 271.6 million yuan in revenue, up 42.4% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 174.2 million yuan in total liabilities, with a liability-to-asset ratio of 3.8%.