Appotronics Corporation Limited’s Net Profit Dropped 88.5% in First Quarter of 2022

Appotronics Corporation Limited (深圳光峰科技股份有限公司) (688007.SH) reported a net profit of 7.4 million yuan in the first quarter of 2022, down 88.5% year-on-year.

Meanwhile, the company posted 525.1 million yuan in revenue, flat year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 35.1%.