Shenzhen Laibao Hi-Tech Co.,Ltd.’s Net Profit Dropped 72.8% in First Quarter of 2023

Shenzhen Laibao Hi-Tech Co.,Ltd. (深圳莱宝高科技股份有限公司) (002106.SZ) reported a net profit of 21.4 million yuan in the first quarter of 2023, down 72.8% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 27.4% year-on-year.

At the end of the reporting period, it had 6.4 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 21.3%.