San'An Optoelectronics Co.,Ltd.’s Net Profit Dropped 22.9% in First Quarter of 2022

San'An Optoelectronics Co.,Ltd. (三安光电股份有限公司) (600703.SH) reported a net profit of 428.9 million yuan in the first quarter of 2022, down 22.9% year-on-year.

Meanwhile, the company posted 3.1 billion yuan in revenue, up 14.3% year-on-year.

At the end of the reporting period, it had 49.4 billion yuan in total assets and 18.5 billion yuan in total liabilities, with a liability-to-asset ratio of 37.5%.