Shenzhen Transsion Holdings Co.,Ltd.’s Net Profit Dropped 34% in First Quarter of 2023

Shenzhen Transsion Holdings Co.,Ltd. (深圳传音控股股份有限公司) (688036.SH) reported a net profit of 524 million yuan in the first quarter of 2023, down 34% year-on-year.

Meanwhile, the company posted 9.3 billion yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 33.3 billion yuan in total assets and 16.9 billion yuan in total liabilities, with a liability-to-asset ratio of 50.7%.