Zhejiang Southeast Space Frame Co.,Ltd.’s Net Profit Dropped 17.5% in First Quarter of 2023

Zhejiang Southeast Space Frame Co.,Ltd. (浙江东南网架股份有限公司) (002135.SZ) reported a net profit of 139.9 million yuan in the first quarter of 2023, down 17.5% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, up 17% year-on-year.

At the end of the reporting period, it had 18 billion yuan in total assets and 11.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.6%.