Chengdu Guiguang Electric Co.,Ltd.’s Net Profit Dropped 50.9% in First Quarter of 2023

Chengdu Guiguang Electric Co.,Ltd. (成都国光电气股份有限公司) (688776.SH) reported a net profit of 20.4 million yuan in the first quarter of 2023, down 50.9% year-on-year.

Meanwhile, the company posted 165.6 million yuan in revenue, down 15.3% year-on-year.

At the end of the reporting period, it had 2.3 billion yuan in total assets and 539.8 million yuan in total liabilities, with a liability-to-asset ratio of 23.4%.