Aerospace Ch Uav Co.,Ltd.’s Net Profit Dropped 48.1% in First Quarter of 2023

Aerospace Ch Uav Co.,Ltd. (航天彩虹无人机股份有限公司) (002389.SZ) reported a net profit of 19.4 million yuan in the first quarter of 2023, down 48.1% year-on-year.

Meanwhile, the company posted 509.1 million yuan in revenue, down 29.7% year-on-year.

At the end of the reporting period, it had 9.7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 16.2%.