Hubei Jiuzhiyang Infrared System Co.,Ltd.’s Net Profit Dropped 45.2% in First Quarter of 2023

Hubei Jiuzhiyang Infrared System Co.,Ltd. (湖北久之洋红外系统股份有限公司) (300516.SZ) reported a net profit of 4.7 million yuan in the first quarter of 2023, down 45.2% year-on-year.

Meanwhile, the company posted 72.6 million yuan in revenue, down 19.8% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 316.3 million yuan in total liabilities, with a liability-to-asset ratio of 20.1%.