Ningbo Kangqiang Electronics Co.,Ltd.’s Net Profit Dropped 35.9% in First Quarter of 2023

Ningbo Kangqiang Electronics Co.,Ltd. (宁波康强电子股份有限公司) (002119.SZ) reported a net profit of 19.3 million yuan in the first quarter of 2023, down 35.9% year-on-year.

Meanwhile, the company posted 387.4 million yuan in revenue, down 12.2% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 932.9 million yuan in total liabilities, with a liability-to-asset ratio of 42.8%.