Zhejiang Yonggui Electric Equipment Co.,Ltd.’s Net Profit Dropped 14.9% in First Quarter of 2023

Zhejiang Yonggui Electric Equipment Co.,Ltd. (浙江永贵电器股份有限公司) (300351.SZ) reported a net profit of 33.6 million yuan in the first quarter of 2023, down 14.9% year-on-year.

Meanwhile, the company posted 319.2 million yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 686.6 million yuan in total liabilities, with a liability-to-asset ratio of 22.9%.