Victory Giant Technology(Huizhou) Co.,Ltd.’s Net Profit Dropped 38.2% in First Quarter of 2023

Victory Giant Technology(Huizhou) Co.,Ltd. (胜宏科技(惠州)股份有限公司) (300476.SZ) reported a net profit of 125 million yuan in the first quarter of 2023, down 38.2% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 14.6 billion yuan in total assets and 7.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.7%.