Guangdong Dongfang Precision Science&Technology Co.,Ltd.’s Net Profit Dropped 41% in First Quarter of 2022

Guangdong Dongfang Precision Science&Technology Co.,Ltd. (广东东方精工科技股份有限公司) (002611.SZ) reported a net profit of 41.3 million yuan in the first quarter of 2022, down 41% year-on-year.

Meanwhile, the company posted 636 million yuan in revenue, down 0.1% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 2.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.8%.