Apr 27, 2022 08:00 AM

Kingfa Sci.&Tech.Co.,Ltd.’s Net Profit Dropped 45.1% in First Quarter of 2022

By Caixin Automation

Kingfa Sci.&Tech.Co.,Ltd. (金发科技股份有限公司) (600143.SH) reported a net profit of 421.3 million yuan in the first quarter of 2022, down 45.1% year-on-year.

Meanwhile, the company posted 9.5 billion yuan in revenue, up 4.4% year-on-year.

At the end of the reporting period, it had 52.2 billion yuan in total assets and 34.9 billion yuan in total liabilities, with a liability-to-asset ratio of 66.9%.

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