Wuhan Fingu Electronic Technology Co.,Ltd.’s Net Profit Dropped 58.6% in First Quarter of 2023

Wuhan Fingu Electronic Technology Co.,Ltd. (武汉凡谷电子技术股份有限公司) (002194.SZ) reported a net profit of 44.7 million yuan in the first quarter of 2023, down 58.6% year-on-year.

Meanwhile, the company posted 500.9 million yuan in revenue, up 13.6% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 585.2 million yuan in total liabilities, with a liability-to-asset ratio of 17.5%.