Northking Information Technology Co.,Ltd.’s Net Profit Dropped 53.8% in First Quarter of 2022

Northking Information Technology Co.,Ltd. (京北方信息技术股份有限公司) (002987.SZ) reported a net profit of 24.2 million yuan in the first quarter of 2022, down 53.8% year-on-year.

Meanwhile, the company posted 832.9 million yuan in revenue, up 20.1% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 536.5 million yuan in total liabilities, with a liability-to-asset ratio of 21.2%.