Suzhou Hyc Technology Co.,Ltd.’s Net Profit Dropped 34.4% in First Quarter of 2023

Suzhou Hyc Technology Co.,Ltd. (苏州华兴源创科技股份有限公司) (688001.SH) reported a net profit of 26.8 million yuan in the first quarter of 2023, down 34.4% year-on-year.

Meanwhile, the company posted 358.7 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 5.5 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 29.9%.