Ocean'S King Lighting Science&Technology Co.,Ltd.’s Net Profit Dropped 27.7% in First Quarter of 2023

Ocean"S King Lighting Science&Technology Co.,Ltd. (海洋王照明科技股份有限公司) (002724.SZ) reported a net profit of 13 million yuan in the first quarter of 2023, down 27.7% year-on-year.

Meanwhile, the company posted 316.3 million yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 3.7 billion yuan in total assets and 590.6 million yuan in total liabilities, with a liability-to-asset ratio of 15.9%.