Wg Tech(Jiangxi) Co.,Ltd.’s Net Profit Dropped 85.8% in First Half of 2023

Wg Tech(Jiangxi) Co.,Ltd. (江西沃格光电股份有限公司) (603773.SH) reported a net profit of 1.2 million yuan in the first half of 2023, down 85.8% year-on-year.

Meanwhile, the company posted 775.4 million yuan in revenue, up 4% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 57.8%.