Shenzhen Kinwong Electronic Co.,Ltd.’s Net Profit Rose 19.1% in First Quarter of 2023

Shenzhen Kinwong Electronic Co.,Ltd. (深圳市景旺电子股份有限公司) (603228.SH) reported a net profit of 212.8 million yuan in the first quarter of 2023, up 19.1% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 1.1% year-on-year.

At the end of the reporting period, it had 15.5 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.