Rainbow Digital Commercial Co.,Ltd.’s Net Profit Dropped 25.6% in First Quarter of 2023

Rainbow Digital Commercial Co.,Ltd. (天虹数科商业股份有限公司) (002419.SZ) reported a net profit of 208 million yuan in the first quarter of 2023, down 25.6% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, down 2.2% year-on-year.

At the end of the reporting period, it had 29 billion yuan in total assets and 24.8 billion yuan in total liabilities, with a liability-to-asset ratio of 85.3%.