Net263 Ltd.’s Net Profit Dropped 41.2% in First Quarter of 2023

Net263 Ltd. (二六三网络通信股份有限公司) (002467.SZ) reported a net profit of 22.3 million yuan in the first quarter of 2023, down 41.2% year-on-year.

Meanwhile, the company posted 209.4 million yuan in revenue, down 5.2% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 406.9 million yuan in total liabilities, with a liability-to-asset ratio of 14.6%.