Tcl Technology Group Corporation’s Net Profit Dropped 95.3% in First Quarter of 2023

Tcl Technology Group Corporation (TCL科技集团股份有限公司) (000100.SZ) reported a net profit of 111.4 million yuan in the first quarter of 2023, down 95.3% year-on-year.

Meanwhile, the company posted 39.4 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 379.4 billion yuan in total assets and 241.4 billion yuan in total liabilities, with a liability-to-asset ratio of 63.6%.