Shanghai W-Ibeda High Tech.Group Co.,Ltd.’s Net Profit Dropped 79.1% in First Three Quarters of 2023

Shanghai W-Ibeda High Tech.Group Co.,Ltd. (上海华依科技集团股份有限公司) (688071.SH) reported a net profit of 5.7 million yuan in the first three quarters of 2023, down 79.1% year-on-year.

Meanwhile, the company posted 242.2 million yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 925.4 million yuan in total liabilities, with a liability-to-asset ratio of 46.4%.