Jiangsu Riying Electronics Co.,Ltd.’s Net Profit Dropped 22.4% in First Quarter of 2023

Jiangsu Riying Electronics Co.,Ltd. (江苏日盈电子股份有限公司) (603286.SH) reported a net profit of 3.3 million yuan in the first quarter of 2023, down 22.4% year-on-year.

Meanwhile, the company posted 162.4 million yuan in revenue, up 9.8% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 700.4 million yuan in total liabilities, with a liability-to-asset ratio of 59.1%.