Hunan Corun New Energy Co.,Ltd.’s Net Profit Dropped 27.7% in First Quarter of 2023

Hunan Corun New Energy Co.,Ltd. (湖南科力远新能源股份有限公司) (600478.SH) reported a net profit of 16 million yuan in the first quarter of 2023, down 27.7% year-on-year.

Meanwhile, the company posted 888.3 million yuan in revenue, up 64.2% year-on-year.

At the end of the reporting period, it had 8.7 billion yuan in total assets and 5.3 billion yuan in total liabilities, with a liability-to-asset ratio of 61.3%.