Shanghai Moons'Electric Co.,Ltd.’s Net Profit Dropped 16.9% in First Quarter of 2023

Shanghai Moons'Electric Co.,Ltd. (上海鸣志电器股份有限公司) (603728.SH) reported a net profit of 32.7 million yuan in the first quarter of 2023, down 16.9% year-on-year.

Meanwhile, the company posted 649.6 million yuan in revenue, down 3.9% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 29.6%.