Hangzhou Kaierda Welding Robot Co.,Ltd.’s Net Profit Dropped 45% in First Quarter of 2023

Hangzhou Kaierda Welding Robot Co.,Ltd. (杭州凯尔达焊接机器人股份有限公司) (688255.SH) reported a net profit of 8 million yuan in the first quarter of 2023, down 45% year-on-year.

Meanwhile, the company posted 133.7 million yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 129.3 million yuan in total liabilities, with a liability-to-asset ratio of 10.3%.