Wangsu Science & Technology Q1 profit Down 37%, Revenue Declines 10%
Wangsu Science & Technology (SHE:300017) posted first-quarter attributable net profit of 120.7 million yuan, down 37% from 191.8 million yuan the previous year.Earnings per share slid to 0.0485 yuan from 0.0782 yuan, according to a weekend filing on the Shenzhen bourse.Operating revenue declined 9.7% year over year to 1.12 billion yuan from 1.23 billion yuan.Shares of the information infrastructure platform services company declined 5% Monday.