Shenzhen Huaqiang Industry Co.,Ltd.’s Net Profit Dropped 40.4% in First Quarter of 2023

Shenzhen Huaqiang Industry Co.,Ltd. (深圳华强实业股份有限公司) (000062.SZ) reported a net profit of 152.4 million yuan in the first quarter of 2023, down 40.4% year-on-year.

Meanwhile, the company posted 3.9 billion yuan in revenue, down 34.3% year-on-year.

At the end of the reporting period, it had 15.4 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 48.7%.