Zanyu Technology Group Co.,Ltd.’s Net Profit Dropped 89.5% in First Quarter of 2023

Zanyu Technology Group Co.,Ltd. (赞宇科技集团股份有限公司) (002637.SZ) reported a net profit of 16.7 million yuan in the first quarter of 2023, down 89.5% year-on-year.

Meanwhile, the company posted 2.8 billion yuan in revenue, down 4.7% year-on-year.

At the end of the reporting period, it had 8.2 billion yuan in total assets and 4.4 billion yuan in total liabilities, with a liability-to-asset ratio of 54%.