Ireader Technology Co.,Ltd. Posted 8.3 Million Yuan Net Profit in First Quarter of 2023

Ireader Technology Co.,Ltd. (掌阅科技股份有限公司) (603533.SH) reported a net profit of 8.3 million yuan in the first quarter of 2023, reversing a net loss of 15.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 598.1 million yuan in revenue, up 14.9% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 708.1 million yuan in total liabilities, with a liability-to-asset ratio of 21.4%.