San'An Optoelectronics Co.,Ltd.’s Net Profit Dropped 50.2% in First Quarter of 2023

San'An Optoelectronics Co.,Ltd. (三安光电股份有限公司) (600703.SH) reported a net profit of 213.5 million yuan in the first quarter of 2023, down 50.2% year-on-year.

Meanwhile, the company posted 2.9 billion yuan in revenue, down 6.4% year-on-year.

At the end of the reporting period, it had 56.7 billion yuan in total assets and 18.5 billion yuan in total liabilities, with a liability-to-asset ratio of 32.7%.