Sino Wealth Electronic Co.,Ltd.’s Net Profit Dropped 79% in First Three Quarters of 2023

Sino Wealth Electronic Co.,Ltd. (中颖电子股份有限公司) (300327.SZ) reported a net profit of 64.3 million yuan in the first three quarters of 2023, down 79% year-on-year.

Meanwhile, the company posted 922.7 million yuan in revenue, down 26.5% year-on-year.

At the end of the reporting period, it had 2.1 billion yuan in total assets and 416.5 million yuan in total liabilities, with a liability-to-asset ratio of 19.8%.