Sino Wealth Electronic Co.,Ltd.’s Net Profit Dropped 72% in First Half of 2023

Sino Wealth Electronic Co.,Ltd. (中颖电子股份有限公司) (300327.SZ) reported a net profit of 70.6 million yuan in the first half of 2023, down 72% year-on-year.

Meanwhile, the company posted 628.7 million yuan in revenue, down 30.3% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 405.8 million yuan in total liabilities, with a liability-to-asset ratio of 18.3%.