Voneseals Technology(Shanghai) Co.,Ltd.’s Net Profit Dropped 23% in First Quarter of 2023

Voneseals Technology(Shanghai) Co.,Ltd. (上海唯万密封科技股份有限公司) (301161.SZ) reported a net profit of 17.3 million yuan in the first quarter of 2023, down 23% year-on-year.

Meanwhile, the company posted 100.5 million yuan in revenue, down 16.1% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 99.9 million yuan in total liabilities, with a liability-to-asset ratio of 9.7%.