Zhejiang Grandwall Electric Science&Technology Co.,Ltd.’s Net Profit Dropped 37.4% in First Quarter of 2023

Zhejiang Grandwall Electric Science&Technology Co.,Ltd. (浙江长城电工科技股份有限公司) (603897.SH) reported a net profit of 30.6 million yuan in the first quarter of 2023, down 37.4% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 1% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 3.2 billion yuan in total liabilities, with a liability-to-asset ratio of 53.4%.