Lootom Telcovideo Network(Wuxi) Co.,Ltd.’s Net Profit Dropped 97.9% in First Quarter of 2023

Lootom Telcovideo Network(Wuxi) Co.,Ltd. (无锡路通视信网络股份有限公司) (300555.SZ) reported a net profit of 96,245 yuan in the first quarter of 2023, down 97.9% year-on-year.

Meanwhile, the company posted 49.3 million yuan in revenue, down 17.8% year-on-year.

At the end of the reporting period, it had 736.1 million yuan in total assets and 116.9 million yuan in total liabilities, with a liability-to-asset ratio of 15.9%.