Jiangsu Hiteker High-Tech Co.,Ltd. Posted 2.5 Billion Yuan Net Profit in First Quarter of 2023

Jiangsu Hiteker High-Tech Co.,Ltd. (江苏宏图高科技股份有限公司) (600122.SH) reported a net profit of 2.5 billion yuan in the first quarter of 2023, reversing a net loss of 15.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 221.8 million yuan in revenue, down 9.6% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 162.2%.