Netac Technology Co.,Ltd.’s Net Profit Dropped 13% in First Quarter of 2023

Netac Technology Co.,Ltd. (深圳市朗科科技股份有限公司) (300042.SZ) reported a net profit of 7.3 million yuan in the first quarter of 2023, down 13% year-on-year.

Meanwhile, the company posted 342.9 million yuan in revenue, down 18.1% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 133.1 million yuan in total liabilities, with a liability-to-asset ratio of 10.1%.