Shenzhen Gongjin Electronics Co.,Ltd.’s Net Profit Rose 47.1% in First Quarter of 2023

Shenzhen Gongjin Electronics Co.,Ltd. (深圳市共进电子股份有限公司) (603118.SH) reported a net profit of 74 million yuan in the first quarter of 2023, up 47.1% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 13.5% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 47.5%.