Zhejiang Headman Intelligent Machinery Co.,Ltd.’s Net Profit Dropped 39.8% in First Quarter of 2023

Zhejiang Headman Intelligent Machinery Co.,Ltd. (浙江海德曼智能装备股份有限公司) (688577.SH) reported a net profit of 8.8 million yuan in the first quarter of 2023, down 39.8% year-on-year.

Meanwhile, the company posted 150.7 million yuan in revenue, up 13.6% year-on-year.

At the end of the reporting period, it had 1.4 billion yuan in total assets and 503.5 million yuan in total liabilities, with a liability-to-asset ratio of 36.6%.