Traffic Control Technology Co.,Ltd.’s Net Profit Dropped 54.9% in First Quarter of 2023

Traffic Control Technology Co.,Ltd. (交控科技股份有限公司) (688015.SH) reported a net profit of 9.4 million yuan in the first quarter of 2023, down 54.9% year-on-year.

Meanwhile, the company posted 295.2 million yuan in revenue, down 24% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52.9%.