Aerospace Hi-Tech Holding Group Co.,Ltd.’s Net Profit Dropped 62.8% in First Quarter of 2023

Aerospace Hi-Tech Holding Group Co.,Ltd. (航天科技控股集团股份有限公司) (000901.SZ) reported a net profit of 4.4 million yuan in the first quarter of 2023, down 62.8% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 8.4% year-on-year.

At the end of the reporting period, it had 8.6 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 47.7%.