Shenzhen Aoto Electronics Co.,Ltd. Posted 2.5 Million Yuan Net Profit in First Quarter of 2023

Shenzhen Aoto Electronics Co.,Ltd. (深圳市奥拓电子股份有限公司) (002587.SZ) reported a net profit of 2.5 million yuan in the first quarter of 2023, reversing a net loss of 7.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 170.8 million yuan in revenue, down 15.4% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 769 million yuan in total liabilities, with a liability-to-asset ratio of 35.7%.