Brother Enterprises Holding Co.,Ltd.’s Net Profit Dropped 89.6% in First Quarter of 2023

Brother Enterprises Holding Co.,Ltd. (兄弟科技股份有限公司) (002562.SZ) reported a net profit of 10.7 million yuan in the first quarter of 2023, down 89.6% year-on-year.

Meanwhile, the company posted 675.8 million yuan in revenue, down 23.1% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.