Zhejiang Yongtai Technology Co.,Ltd.’s Net Profit Dropped 96.1% in First Quarter of 2023

Zhejiang Yongtai Technology Co.,Ltd. (浙江永太科技股份有限公司) (002326.SZ) reported a net profit of 17 million yuan in the first quarter of 2023, down 96.1% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 42.1% year-on-year.

At the end of the reporting period, it had 11.6 billion yuan in total assets and 7.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.5%.