Xilong Scientific Co.,Ltd.’s Net Profit Dropped 87% in First Quarter of 2023

Xilong Scientific Co.,Ltd. (西陇科学股份有限公司) (002584.SZ) reported a net profit of 10.3 million yuan in the first quarter of 2023, down 87% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 41.4% year-on-year.

At the end of the reporting period, it had 5.1 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 54%.