Guangdong Jia Yuan Technology Shares Co.,Ltd.’s Net Profit Dropped 78.9% in First Quarter of 2023

Guangdong Jia Yuan Technology Shares Co.,Ltd. (广东嘉元科技股份有限公司) (688388.SH) reported a net profit of 36.7 million yuan in the first quarter of 2023, down 78.9% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 2.2% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 32.6%.