Leader Harmonious Drive Systems Co.,Ltd.’s Net Profit Dropped 33% in First Quarter of 2023

Leader Harmonious Drive Systems Co.,Ltd. (苏州绿的谐波传动科技股份有限公司) (688017.SH) reported a net profit of 24.5 million yuan in the first quarter of 2023, down 33% year-on-year.

Meanwhile, the company posted 88.5 million yuan in revenue, down 5.7% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 451.1 million yuan in total liabilities, with a liability-to-asset ratio of 18.7%.