Zhejiang Dibay Electric Co.,Ltd.’s Net Profit Dropped 53.8% in First Quarter of 2023

Zhejiang Dibay Electric Co.,Ltd. (浙江迪贝电气股份有限公司) (603320.SH) reported a net profit of 5.6 million yuan in the first quarter of 2023, down 53.8% year-on-year.

Meanwhile, the company posted 199.9 million yuan in revenue, down 27.1% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 474.9 million yuan in total liabilities, with a liability-to-asset ratio of 37.3%.