Shenzhen Desay Battery Technology Co.,Ltd.’s Net Profit Dropped 56.6% in First Quarter of 2023

Shenzhen Desay Battery Technology Co.,Ltd. (深圳市德赛电池科技股份有限公司) (000049.SZ) reported a net profit of 66.9 million yuan in the first quarter of 2023, down 56.6% year-on-year.

Meanwhile, the company posted 4.3 billion yuan in revenue, down 12.5% year-on-year.

At the end of the reporting period, it had 11.4 billion yuan in total assets and 7.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62.3%.