Guangzhou Echom Science&Technology Co.,Ltd.’s Net Profit Rose 2.7% in First Quarter of 2023

Guangzhou Echom Science&Technology Co.,Ltd. (广州毅昌科技股份有限公司) (002420.SZ) reported a net profit of 11.5 million yuan in the first quarter of 2023, up 2.7% year-on-year.

Meanwhile, the company posted 508.9 million yuan in revenue, down 21% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 62.9%.