Yaguang Technology Group Company Limited Posted 8.4 Million Yuan Net Profit in First Quarter of 2023

Yaguang Technology Group Company Limited (亚光科技集团股份有限公司) (300123.SZ) reported a net profit of 8.4 million yuan in the first quarter of 2023, reversing a net loss of 54.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 318.5 million yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 55.6%.