Guangdong Guanhao High-Tech Co.,Ltd.’s Net Profit Dropped 38.7% in First Quarter of 2022

Guangdong Guanhao High-Tech Co.,Ltd. (广东冠豪高新技术股份有限公司) (600433.SH) reported a net profit of 70.9 million yuan in the first quarter of 2022, down 38.7% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 9.3 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 25%.