Zhejiang Huangma Technology Co.,Ltd.’s Net Profit Dropped 39.3% in First Quarter of 2023

Zhejiang Huangma Technology Co.,Ltd. (浙江皇马科技股份有限公司) (603181.SH) reported a net profit of 78.8 million yuan in the first quarter of 2023, down 39.3% year-on-year.

Meanwhile, the company posted 432.1 million yuan in revenue, down 29.9% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 745.6 million yuan in total liabilities, with a liability-to-asset ratio of 22.6%.