Kuangda Technology Group Co.,Ltd.’s Net Profit Dropped 38.8% in First Quarter of 2023

Kuangda Technology Group Co.,Ltd. (旷达科技集团股份有限公司) (002516.SZ) reported a net profit of 32.1 million yuan in the first quarter of 2023, down 38.8% year-on-year.

Meanwhile, the company posted 314.5 million yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 543.3 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.