Nantong Haixing Electronics Co.,Ltd.’s Net Profit Dropped 80.1% in First Quarter of 2023

Nantong Haixing Electronics Co.,Ltd. (南通海星电子股份有限公司) (603115.SH) reported a net profit of 12.7 million yuan in the first quarter of 2023, down 80.1% year-on-year.

Meanwhile, the company posted 434.8 million yuan in revenue, down 7.8% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 356.9 million yuan in total liabilities, with a liability-to-asset ratio of 14.9%.