Shengyi Technology Co.,Ltd.’s Net Profit Dropped 52.1% in First Quarter of 2023

Shengyi Technology Co.,Ltd. (广东生益科技股份有限公司) (600183.SH) reported a net profit of 242.6 million yuan in the first quarter of 2023, down 52.1% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, down 21.2% year-on-year.

At the end of the reporting period, it had 24.9 billion yuan in total assets and 9.2 billion yuan in total liabilities, with a liability-to-asset ratio of 37%.