Hangzhou Weiguang Electronic Co.,Ltd.’s Net Profit Dropped 2.5% in First Quarter of 2023

Hangzhou Weiguang Electronic Co.,Ltd. (杭州微光电子股份有限公司) (002801.SZ) reported a net profit of 75.5 million yuan in the first quarter of 2023, down 2.5% year-on-year.

Meanwhile, the company posted 301.8 million yuan in revenue, down 8.7% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 207.1 million yuan in total liabilities, with a liability-to-asset ratio of 11.4%.