Avary Holding(Shenzhen) Co.,Limited.’s Net Profit Dropped 29.4% in First Quarter of 2023

Avary Holding(Shenzhen) Co.,Limited. (鹏鼎控股(深圳)股份有限公司) (002938.SZ) reported a net profit of 418.5 million yuan in the first quarter of 2023, down 29.4% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, down 5.8% year-on-year.

At the end of the reporting period, it had 38.2 billion yuan in total assets and 9.8 billion yuan in total liabilities, with a liability-to-asset ratio of 25.6%.