Allwin Telecommunication Co.,Ltd.’s Net Profit Dropped 28.5% in First Quarter of 2023

Allwin Telecommunication Co.,Ltd. (奥维通信股份有限公司) (002231.SZ) reported a net profit of 2.2 million yuan in the first quarter of 2023, down 28.5% year-on-year.

Meanwhile, the company posted 42.8 million yuan in revenue, down 20.4% year-on-year.

At the end of the reporting period, it had 532.8 million yuan in total assets and 180.7 million yuan in total liabilities, with a liability-to-asset ratio of 33.9%.