Dongguan Kingsun Optoelectronic Co.,Ltd. Posted 129.8 Million Yuan Net Profit in First Quarter of 2023

Dongguan Kingsun Optoelectronic Co.,Ltd. (东莞勤上光电股份有限公司) (002638.SZ) reported a net profit of 129.8 million yuan in the first quarter of 2023, reversing a net loss of 37.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 88.9 million yuan in revenue, down 66.6% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 263 million yuan in total liabilities, with a liability-to-asset ratio of 8.8%.