Hundsun Technologies Inc. Posted 223.6 Million Yuan Net Profit in First Quarter of 2023

Hundsun Technologies Inc. (恒生电子股份有限公司) (600570.SH) reported a net profit of 223.6 million yuan in the first quarter of 2023, reversing a net loss of 49.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 37.1%.