Zhuzhou Hongda Electronics Corp.,Ltd.’s Net Profit Dropped 18.3% in First Quarter of 2023

Zhuzhou Hongda Electronics Corp.,Ltd. (株洲宏达电子股份有限公司) (300726.SZ) reported a net profit of 157.7 million yuan in the first quarter of 2023, down 18.3% year-on-year.

Meanwhile, the company posted 386.7 million yuan in revenue, down 9.9% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 16.6%.