Guangdong Fenghua Advanced Technology(Holding) Co.,Ltd.’s Net Profit Dropped 66.4% in First Quarter of 2023

Guangdong Fenghua Advanced Technology(Holding) Co.,Ltd. (广东风华高新科技股份有限公司) (000636.SZ) reported a net profit of 61.1 million yuan in the first quarter of 2023, down 66.4% year-on-year.

Meanwhile, the company posted 934 million yuan in revenue, down 15.3% year-on-year.

At the end of the reporting period, it had 15.9 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 23.7%.