Hubei Fuxing Science And Technology Co.,Ltd.’s Net Profit Dropped 30.9% in First Quarter of 2023

Hubei Fuxing Science And Technology Co.,Ltd. (湖北福星科技股份有限公司) (000926.SZ) reported a net profit of 37.6 million yuan in the first quarter of 2023, down 30.9% year-on-year.

Meanwhile, the company posted 1.4 billion yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 38.3 billion yuan in total assets and 25.9 billion yuan in total liabilities, with a liability-to-asset ratio of 67.6%.