Foshan Nationstar Optoelectronics Co.,Ltd.’s Net Profit Dropped 41.7% in First Quarter of 2022

Foshan Nationstar Optoelectronics Co.,Ltd. (佛山市国星光电股份有限公司) (002449.SZ) reported a net profit of 21 million yuan in the first quarter of 2022, down 41.7% year-on-year.

Meanwhile, the company posted 722 million yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 6 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.