Duolun Technology Corporation Ltd.’s Net Profit Dropped 91.5% in First Quarter of 2022

Duolun Technology Corporation Ltd. (多伦科技股份有限公司) (603528.SH) reported a net profit of 2.4 million yuan in the first quarter of 2022, down 91.5% year-on-year.

Meanwhile, the company posted 162.7 million yuan in revenue, down 30% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.