Shenzhen Longtech Smart Control Co.,Ltd.’s Net Profit Dropped 39.5% in First Quarter of 2022

Shenzhen Longtech Smart Control Co.,Ltd. (深圳朗特智能控制股份有限公司) (300916.SZ) reported a net profit of 20 million yuan in the first quarter of 2022, down 39.5% year-on-year.

Meanwhile, the company posted 197.7 million yuan in revenue, down 3.2% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 309.1 million yuan in total liabilities, with a liability-to-asset ratio of 24%.