Tongda Smart Tech(Xiamen) Co.,Ltd.’s Net Profit Dropped 8% in First Quarter of 2023

Tongda Smart Tech(Xiamen) Co.,Ltd. (通达创智(厦门)股份有限公司) (001368.SZ) reported a net profit of 31 million yuan in the first quarter of 2023, down 8% year-on-year.

Meanwhile, the company posted 206.6 million yuan in revenue, down 18.6% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 214.2 million yuan in total liabilities, with a liability-to-asset ratio of 13.6%.