Dong Feng Electronic And Technology Co.,Ltd.’s Net Profit Dropped 63.4% in First Quarter of 2023

Dong Feng Electronic And Technology Co.,Ltd. (东风电子科技股份有限公司) (600081.SH) reported a net profit of 33.6 million yuan in the first quarter of 2023, down 63.4% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 22.3% year-on-year.

At the end of the reporting period, it had 8.8 billion yuan in total assets and 4.7 billion yuan in total liabilities, with a liability-to-asset ratio of 53%.